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Century-Fox Corporation's employees are eligible for postretirement health care benefits after both being employed at the end of the year in which age 60 is attained and having worked 20 years. Jason Snyder was hired at the end of 2001 by Century-Fox at age 34 and is expected to retire at the end of 2029 (age 62). His retirement is expected to span five years (unrealistically short in order to simplify calculations). The company's actuary has estimated the net cost of retiree benefits in each retirement year as shown below. The discount rate is 7%. The plan is not prefunded. Assume costs are incurred at the end of each year. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) Required: 2. Calculate the present value of the net benefits as of the expected retirement date. 3. With respect to Snyder, what is the company's expected postretirement benefit obligation at the end of 2024 ? 4. With respect to Snyder, what is the company's accumulated postretirement benefit obligation at the end of 2024 ? 5. With respect to Snyder, what is the company's accumulated postretirement benefit obligation at the end of 2025? 6. What is the service cost to be included in 2025 postretirement benefit expense? 7. What is the interest cost to be included in 2025 postretirement benefit expense? 8. Show how the APBO changed during 2025 by reconciling the beginning and ending balances. 2. Calculate the present value of the net benefits as of the expected retirement date. 3. With respect to Snyder, what is the company's expected postretirement benefit obligation at the end of 2024? 4. With respect to Snyder, what is the company's accumulated postretirement benefit obligation at the end of 2024 ? 5. With respect to Snyder, what is the company's accumulated postretirement benefit obligation at the end of 2025 ? 6. What is the service cost to be included in 2025 postretirement benefit expense? 7. What is the interest cost to be included in 2025 postretirement benefit expense? Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Sachs Brands's defined benefit pension plan specifies annual retirement benefits equal to 1.5% service years final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 2010 and is expected to retire at the end of 2044 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $98,000 at the end of 2024 and the company's actuary projects her salary to be $320,000 at retirement. The actuary's discount rate is 8%. Note: Use tables, Excel, or a financial calculator. (FV of \$1, PV of \$1, FVA of \$1, PVA of \$1, FVAD of \$1 and PVAD of \$1) At the beginning of 2025, the pension formula was amended to: 1.65% Service years Final year's salary The amendment was made retroactive to apply the increased benefits to prior service years. Required: 1. What is the company's prior service cost at the beginning of 2025 with respect to Davenport after the amendment described above? 2. Since the amendment occurred at the beginning of 2025, amortization of the prior service cost begins in 2025 . What is the prior service cost amortization that would be included in pension expense? 3. What is the service cost for 2025 with respect to Davenport? 4. What is the interest cost for 2025 with respect to Davenport? 5. Calculate pension expense for 2025 with respect to Davenport, assuming plan assets attributable to her of $220,000 and a rate of return (actual and expected) of 10%. Note: For all requirements, do not round intermediate calculations. Round your final answers to the nearest whole dollar. Show how the APBO changed during 2025 by reconciling the beginning and ending balances. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar