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Exercise 20-08 Sarasota Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. 2019 2020 2021 2022 Projected Benefit Obligation $2,180,000 2,616,000 3,215,500 3,924,000 Plan Assets Value $2,071,000 2,725,000 2,834,000 3,270,000 The average remaining service life per employee in 2019 and 2020 is 10 years and in 2021 and 2022 is 12 years. The net gain or loss that occurred during each year is as follows: 2019, $305,200 loss; 2020, $98,100 loss; 2021, $11,990 loss; and 2022, $27,250 gain. (In working the solution, the gains and losses must be aggregated to arrive at year-end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule. Year Minimum Amortization of Loss __ 2019 2020 2021 2022 Exercise 20-08 Sarasota Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. 2019 2020 2021 2022 Projected Benefit Obligation $2,180,000 2,616,000 3,215,500 3,924,000 Plan Assets Value $2,071,000 2,725,000 2,834,000 3,270,000 The average remaining service life per employee in 2019 and 2020 is 10 years and in 2021 and 2022 is 12 years. The net gain or loss that occurred during each year is as follows: 2019, $305,200 loss; 2020, $98,100 loss; 2021, $11,990 loss; and 2022, $27,250 gain. (In working the solution, the gains and losses must be aggregated to arrive at year-end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule. Year Minimum Amortization of Loss __ 2019 2020 2021 2022