Question 13 3 pts Use the following information for questions 13 through 16. Note: Keep in mind 12/31/2011 balances are equivalent to 1/1/2012 balances. The following information relates to the pension plan for the employees of Turner Co.: 1/1/11 12/31/11 12/31/12 Accum benefit obligation $5.280,000 $5,520,000 $7.200.000 Projected benefit obligation 5,580,000 5,976,000 8,004,000 Fair value of plan assets 5.100.000 6.240.000 6,888.000 AOCI - net (gain) or loss -0 (864,000) (960,000) Settlement rate (for year) 11% 11% Expected rate of return (for year) 896 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $756,000 in 2012, benefits paid were $564,000 and the actual return on plan assets in 2012 is $456,000 The interest cost for 2012 is $537,840 $607.200 $880,440 $657.360 Question 14 3 pts The following information relates to the pension plan for the employees of Turner Co. 1/1/11 12/31/11 12/31/12 Accum benefit obligation $5.280.000 $5.520.000 $7.200.000 Projected benefit obligation 5,580,000 5,976,000 8,004,000 Fair value of plan assets 5,100,000 6.240.000 6.888.000 AOCI - net (gain) or loss (864.000) 1960,000) Settlement rate (for year) 11% 11% Expected rate of return (for year) 8% 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $756,000 in 2012, benefits paid were $564,000 and the actual return on plan assets in 2012 is $456,000 The unexpected gain or loss on plan assets in 2012 is $214,560 gain $22,560 gain $19 200 gain $0