On December 31, 2016, Robey Company accumulated the following information for 2016 in regard to its defined benefit pension plan: Service cost $95,610 Interest cost on projected benefit obligation 11,810 Expected return on plan assets Amortization of prior service cost 11,050 1,950 On its December 31, 2015, balance sheet, Robey had reported an accrued/prepaid pension cost liability of $14,790. ASSETS 111 Cash 121 Accounts Receivable 141 Inventory 152 Prepaid Insurance REVENUE 411 Sales Revenue EXPENSES 500 Cost of Goods Sold 511 Insurance Expense 181 Equipment 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 522 Pension Expense Required: 1. Compute the amount of Robey's pension expense for 2016. 2. Prepare all the journal entries related to Robey's pension plan for 2016 if it funds the pension plan in the amount of (a) $98,320, (b) $97,290, and (c) $102,670. 3. Next Level Assuming Robey's beginning 2016 Accumulated Other Comprehensive Income: Prior Service Cost balance was $57,370 what would be its ending balance? 4. Next Level How much would Robey need to fund its pension plan for 2016 in order to report an accrued/prepaid pension cost asset of $4,780 at the end of 2016? 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue 532 Bad Debt Expense 540 Interest Expense 541 Depreciation Expense 251 Accrued/Prepaid Pension Cost 559 Miscellaneous Expenses 261 Income Taxes Payable 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings 916 Other Comprehensive Income: Prior Service Cost Assume Robey Company funds the pension plan in the amount of $98,320. Prepare the entries to record the pension expense for 2016 on December 31 and the amortized prior service cost for 2016 on December 31. GENERAL JOURNAL DATE ACCOUNT TITLE 1 2 3 PAGE 1 POST. REF. DEBIT CREDIT Assume Robey Company funds the pension plan in the amount of $97,290. Prepare the entries to record the pension expense for 2016 on December 31 and the amortized prior service cost for 2016 on December 31. GENERAL JOURNAL DATE ACCOUNT TITLE 1 2 3 4 5 PAGE 1 POST. REF. DEBIT CREDIT Assume Robey Company funds the pension plan in the amount of $102,670. Prepare the entries to record the pension expense for 2016 on December 31 and the amortized prior service cost for 2016 on December 31. GENERAL JOURNAL DATE ACCOUNT TITLE 1 2 3 4 5 PAGE 1 POST. REF. DEBIT CREDIT Compute the amount of Robey's pension expense for 2016. Next Level: Assuming Robey's beginning 2016 Accumulated Other Comprehensive Income: Prior Service Cost balance was $57,370 what would be its ending balance? $ How much would Robey need to fund its pension plan for 2016 in order to report an accrued/prepaid pension cost asset of $4,780 at the end of 2016?