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please compute pension expense this is one Large problem, please answer neatly. Crane Corp. sponsors a defined benefit pension plan for its employees. On January
please compute pension expense this is one Large problem, please answer neatly. Crane Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan. $680,000 Plan assets (fair value) Projected benefit obligation Pension asset/liability Prior service cost OCI - Loss 730,000 50,000 Cr. 88,000 78,000 As a result of the operation of the plan during 2021, the actuary provided the following additional data at December 31, 2021. $83,000 62,460 25,400 Service cost for 2021 Actual return on plan assets in 2021 Amortization of prior service cost Contributions in 2021 Benefits paid retirees in 2021 Settlement rate 128,000 93,000 8 96 Expected return rate 9 % Average remaining service life of active employees 10 years Expense Cash Balance, Jan. 1.2021 Service cost Interest cost Actual return Unexpected gain Amortization of PSC Amortization of loss Contributions Benefits Journal entry for 2021 Accumulated OC Dec 31, 2020 Balance, Dec 31, 2021 General Journal Entries OCI-Prior Service Cost OCI-Gain/ Loss Penison Asset/ Liability Memo Record Projected Benefit Obligation Plan Assets
please compute pension expense this is one Large problem, please answer neatly.
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