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Previous Page Next Page Page 13 of 25 Question 13 (3 points) Lighthouse Co, sponsored a defined benefit plan, which included January 1, 2020, balances
Previous Page Next Page Page 13 of 25 Question 13 (3 points) Lighthouse Co, sponsored a defined benefit plan, which included January 1, 2020, balances of $15,000 and $14,800 in Plan Assets and Projected Benefit Obligation, respectively. During 2020, the company incurred $11,000 in service cost, made plan contributions of $3,310, and paid benefits to retirees for $1,900. The discount rate is 5% and the expected and actual rate of return on plan assets is 6%. Given the information provided for the defined benefit plan, what amounts are presented as the December 31, 2020, balances for plan assets and PBO from a completed pension worksheet? Plan Assets PBO $17,160 $124,788) $17,310 $(24,640) $21,110 $128,440) $15,510 $124,640) Previous Page Next Page Page 13 of 25 MacBook Pro $ 4 % 5 7 9 8 0 6 3 U E T 0 Y 20 J L T D F G B V N M 2
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