Please answer all parts 1a 1d ( 1a The following information pertains to Lee Corps defined benefit pension plan for 2021 Service cost $175,000 Actual return on plan assets 35,000 Expected return on plan assets 50,000 Amortization of prior service cost 10,000 Interest on the projected benefit obligation 49,000 Amortization of unexpected gain 12,000 Decrease in the pension liability as of 12 31 21 due to actuarial changes 18,000 Accumulated other comprehensive income unexpected gain as of January 1, 2021 200,000 Accumulated other comprehensive income prior service cost as of January 1, 2021 30,000 What amount should Lee report as pension expense in its 2021 income statement AND which of the following statements is correct at December 31, 2021 Choose ONE option from A D and ONE option from E G You will have two answers A $196,000 B $172,000 C $190,000 D $187,000 E Accumulated other comprehensive income unexpected gain has a credit balance of $191,000 F Accumulated other comprehensive income prior service cost has a debit balance of $20,000 G E and F 1b Jordon Corporation obtained the following information from its actuary All amounts given are as of January 1, 2021 Projected benefit obligation $1,500,000 Fair value of pension assets 1,400,000 Market related value of plan assets 1,550,000 Accumulated other comprehensive income unexpected loss 245,000 Accumulated other comprehensive income prior service cost 64,000 Average remaining service life of employees 8 years What amount of the unexpected loss should be recognized as a part of pension expense for the year ended December 31, 2021 A $30,625 B $11,875 C $11,250 D $13,125 E $10,625 F $19,250 1c Which of the following defined benefit pension disclosures is made in the notes to a companys annual financial statements Types of plan assets and investment strategy Expected benefit payments for each of the next 5 years and in the aggregate for all years after 5 Expected contributions to be paid into the plan for the following year B and C A, B, and C 1d A pension trust reported the following events on its statement of changes in net assets for the year ended December 31, 2021 Interest revenue $15,000 Dividend revenue 41,000 Realized gains (losses) from the sale of investments 10,000 Unrealized gains (losses) from holding pension assets ( 8,000) Employers contribution during 2021 60,000 Pensions paid during 2021 42,000 For the year ended December 31, 2021, what is the actual return on pension assets A $66,000 B $56,000 C $76,000 D $58,000 E $74,000

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Please answer all parts 1a-1d (: 1a. The following information pertains to Lee Corps defined benefit pension plan for 2021: Service cost $175,000 Actual return

Please answer all parts 1a-1d (:

1a. The following information pertains to Lee Corps defined benefit pension plan for 2021:

Service cost $175,000
Actual return on plan assets 35,000
Expected return on plan assets 50,000
Amortization of prior service cost 10,000
Interest on the projected benefit obligation 49,000
Amortization of unexpected gain 12,000
Decrease in the pension liability as of 12/31/21 due to actuarial changes 18,000
Accumulated other comprehensive income: unexpected gain as of January 1, 2021 200,000
Accumulated other comprehensive income: prior service cost as of January 1, 2021 30,000

What amount should Lee report as pension expense in its 2021 income statement? AND which of the following statements is correct at December 31, 2021? Choose ONE option from A-D and ONE option from E-G. You will have two answers.

A. $196,000.

B. $172,000.

C. $190,000.

D. $187,000.

E. Accumulated other comprehensive income: unexpected gain has a credit balance of $191,000.

F. Accumulated other comprehensive income: prior service cost has a debit balance of $20,000.

G. E and F.

1b. Jordon Corporation obtained the following information from its actuary. All amounts given are as of January 1, 2021.

Projected benefit obligation $1,500,000
Fair value of pension assets 1,400,000
Market-related value of plan assets 1,550,000
Accumulated other comprehensive income: unexpected loss 245,000
Accumulated other comprehensive income: prior service cost 64,000
Average remaining service life of employees 8 years

What amount of the unexpected loss should be recognized as a part of pension expense for the year ended December 31, 2021?

A. $30,625.

B. $11,875.

C. $11,250.

D. $13,125.

E. $10,625.

F. $19,250.

1c. Which of the following defined benefit pension disclosures is made in the notes to a companys annual financial statements?

1. Types of plan assets and investment strategy.
2. Expected benefit payments for each of the next 5 years and in the aggregate for all years after 5.
1. Expected contributions to be paid into the plan for the following year.
2. B and C.
3. A, B, and C

1d. A pension trust reported the following events on its statement of changes in net assets for the year ended December 31, 2021: