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Problem 20-2 Flint Company dopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the ollowing beginning balances: plan assets $200,100;
Problem 20-2 Flint Company dopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the ollowing beginning balances: plan assets $200,100; projected benefit obligation s246 000 Other data relating to 3 yea operation of the plan are as rollows. 2016 2017 2018 Annual service cost Settlernent rate and expected rate of returr Actual retum on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan mended, 1/1/17) Amortization of prior service cost Change in actuarial assumptions establishes 16,100 19,400 $25,800 10% 10% 10% 17,700 16,100 14,200 21,97D 39,600 16,10D 158,200 53,60D 24,500 48,900 2D,600 41,400 a December 31, 2018, projected benefit obligation of: 524,000 Prepare a pension worksheet presenting all 3 years pension belances and activities. (Enter all amounts as positive.)
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