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Question 2 Sunland Enterprises provides the following information relative to its defined benefit pension plan. $2,756,700 1,982,100 2,262,500 210,500 46,100 494,200 Balances or Values at
Question 2 Sunland Enterprises provides the following information relative to its defined benefit pension plan. $2,756,700 1,982,100 2,262,500 210,500 46,100 494,200 Balances or Values at December 31, 2020 Projected benefit obligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/20 balance, 0) Pension liability Other pension plan data for 2020: Service cost Prior service cost amortization Actual return on plan assets Expected return on plan assets Interest on January 1, 2020, projected benefit obligation Contributions to plan Benefits paid $93,700 42,300 128,800 174,900 252,000 93,700 139,500 (a) Your answer is correct. Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense Components of Pension Expense Service Cost 93700 SI T Interest Cost 252000 TExpected Return on Plan Assets -174900 Prior Service Cost Amortization 42300 Pension Expense 213100 LINK TO TEXT (b) | Your answer is correct. Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,200. (Enter Other comprehensive income (loss) -3800 Comprehensive income (loss) 31400 x Your answer is incorrect. Try again. Compute the amount of accumulated other comprehensive income reported at December 31, 2020. (Enter loss using Accumulated other comprehensive income (loss) 238100
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