Problem 5: Pension trust financial statement Hopeless Village maintains a single employer pension trust for its firefighters. The information below pertains to the firefighters' pension trust at December 31, 2021, after all adjusting journal entries have been posted: Cash and cash equivalents 11,000 Interest receivable 200 Investments at fair value 146,000 Net position restricted for pensions 135,800 Employee contributions $ 40,000 Employer contributions 80,000 Investment income-interest and dividends 4,000 Investment income-net increase in fair value of investments 14,000 investment expense 1,100 Administrative expenses 8,000 Accrued administrative expenses 400 Annuity benefits 90,000 Disability benefits 11,400 Refunds to terminated employees 6,500 Additional information: Pension liability at December 31, 2020 Pension liability at December 31, 2021 172,800 209,800 Required: A. Prepare, in good form, the statement of changes in fiduciary net position for 2021. B. Compute the Village's funded ratio for its firefighters' pension plan at December 31, 2021. Part A: Hopeless Village Firefighter's Pension Trust Fund Statement of Changes in Fiduciary Net Position For The Year Ended Decembre 31, 2021 Additions: Part B: Round the funded percentage to 2 decimal places Description of each amount A: B: BA: Amounts/% $ $ 0000 Problem 5: Pension trust financial statement Hopeless Village maintains a single employer pension trust for its firefighters. The information below pertains to the firefighters' pension trust at December 31, 2021, after all adjusting journal entries have been posted: Cash and cash equivalents 11,000 Interest receivable 200 Investments at fair value 146,000 Net position restricted for pensions 135,800 Employee contributions $ 40,000 Employer contributions 80,000 Investment income-interest and dividends 4,000 Investment income-net increase in fair value of investments 14,000 investment expense 1,100 Administrative expenses 8,000 Accrued administrative expenses 400 Annuity benefits 90,000 Disability benefits 11,400 Refunds to terminated employees 6,500 Additional information: Pension liability at December 31, 2020 Pension liability at December 31, 2021 172,800 209,800 Required: A. Prepare, in good form, the statement of changes in fiduciary net position for 2021. B. Compute the Village's funded ratio for its firefighters' pension plan at December 31, 2021. Part A: Hopeless Village Firefighter's Pension Trust Fund Statement of Changes in Fiduciary Net Position For The Year Ended Decembre 31, 2021 Additions: Part B: Round the funded percentage to 2 decimal places Description of each amount A: B: BA: Amounts/% $ $ 0000