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Problem 17-14 (Algo) Relationship among pension elements (LO17-3, 17-4, 17-5) The funded status of a company's defined benefit pension plan are provided below. 2021 Beginning

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Problem 17-14 (Algo) Relationship among pension elements (LO17-3, 17-4, 17-5) The funded status of a company's defined benefit pension plan are provided below. 2021 Beginning ($ in thousands) Balances Projected benefit obligation $3,80e Plan assets ???? Funded status Net asset of $4ee Additional information: Benefits paid, $252 Actual return on plan assets, $360 Discount (interest) rate, 9% 2021 Ending Balances $4,301 4,571 ??? There were no changes in actuarial estimates and assumptions regarding the PBO. Required: 1. Determine the beginning plan assets balance. 2. Determine service cost for 2021. 3. Determine employer contributions to the pension fund for 2021. 4. Determine the funded status at the end of 2021. (For all requirements, enter your answers in thousands (i.e. 200,000 should be entered as 200).) BE 1. Determine the beginning plan assets balance. 2. Determine service cost for 2021. 3. Determine employer contributions to the pension fund for 2021. 4. Determine the funded status at the end of 2021. (For all requirements, enter your answers in thousands (i.e. 200,000 should be entere 1. Plan assets as of January 1 2. Service cost 3. Employer contributions 4. thousand thousand thousand thousand 4

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