o Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2017 in which no benefits were The actuarial present value of future benefits earned by employees for services rendered in 2017 amounted The company's funding policy requires a contribution to the pension trustee amounting to $136,256 for 2017 As of January 1, 2017, the company had a projected benefit obligation of s905,700, an acumulated benefit obligation of s806,200, and a debit balance of $403,500 in 1. to $55,900. 2. accumulated oci (PSC). The fair value of pension plan assets amounted to S600 100 at the beg ning of th The settlement rate was 8%. No gains or losses occurred in 2017 and no benefits were paid. Amortization of prior service cost was $49,800 in 2017. Amortization of net gain or loss was not required in 2017, e year. The actual and expected return on plan assets was $54,600. 4. (a) Your answer is correct. Determine the amounts of the components of pension expense that should be recognized by the company in 2017. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. 45 or parenthesis e.g. (45).) Components of Pension Expense Interest 6n Projected Denefit o of Prior Sarvice Expbeted Return on Plan Assets