Please help.Thank you.Please answer all the questions below.

Company Name:General Motors

PENSIONS (Please use data on the U.S. plan only.)

Briefly describe the company's pension plans.

What is the amount of pension expense reported for the fiscal period? What are the specific components of the pension expense?

How does the company estimate the discount/settlement rate and expected rate of return?

What are the benefit obligation and fair value of plan assets at the end of the fiscal year?

Did the "funded status" (difference between obligation and plan assets) improve compared to the previous fiscal year?

Reconstruct a pension work sheet reconciling the change in funded status with the pension expense and other pension-related items for the company. Attach it as an appendix.

LEASES

Briefly describe the company's accounting policy and how the recent adoption of "Leases" affects the company's financial reporting.

How does the company account for equipment on operating leases? What type of vehicles are leased to the customers? How much revenue did the company earn from their lease transactions during the last fiscal year? What depreciation method does the company use on these assets and how does it determine the residual value of the leased assets? What are the net book values of these assets at the end of the fiscal year?

How does the company account for its financial lease liability? What are the sources (i.e., types of assets leased) and the ending balances of these financial obligations? How does the company compute interest on these liabilities?