Prior service cost; components of pension expense; present value concepts

Sachs Brands' defined benefit pension plan specifies annual retirement benefits equal to: 1.6 Percentage x service years x final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs at the beginning of 1997 and is expected to retire at the end of 2031 after 35 years' service. Her retirement is expected to span 18 years. Davenport's salary is $90,000 at the end of 2011 and the company's actuary projects her salary to be 240,000 at retirement. The actuary's discount rate is 7 Percentage. At the beginning of 2012, the pension formula was amended to: 1.75 Percentage x Service years x Final year's salary The amendment was made retroactive to applythe increased benefits to prior service years. Use PV Table-2 and Table-4 Required: What is the company's prior service cost at the beginning of 2012 with respect to Davenport after the amendment described above? (Round "PV Factor" to 5 decimal places, intermediate and final answer to the nearest dollar amount. Omit the " "sign in your response.) Prior service cost Since the amendment occurred at the beginning of 2012, amortization of the prior service cost begins in 2012. What is the prior service cost amortization that would be included in pension expense? (Round "PV Factor" to 5 decimal places, intermediate and final answer to the nearest dollar amount. Omit the " " sign in your response.) Prior service cost amortization What is the service cost for 2012 with respect to Davenport? (Round "PV Factor" to 5 decimal places, intermediate and final answer to the nearest dollar amount. Omit the " " sign in your response.) Service cost What is the interest cost for 2012 with respect to Davenport? (Round "PV Factor" to 5 decimal places, intermediate and final answer to the nearest dollar amount. Omit the " " sign in your response.) Interest cost Calculate pension expense for 2012 with respect to Davenport, assuming plan assets attributable tc her of 150,000 and a rate of return (actual and expected) of 10 Percentage. (Round "PV Factor" to 5 decimal places, intermediate and final answer to the nearest dollar amount. Omit the " " sign in your response.)