Question 4 of 7 > - / 10 111 View Policies Current Attempt in Progress Whispering Company sponsors a defined benefit pension plan for its 600 employees. The company's actuary provided the following information about the plan. Projected benefit obligation Accumulated benefit obligation Plan assets (fair value and market-related asset value) Accumulated net (gain) or loss (for purposes of the corridor calculation) Discount rate (current settlement rate) Actual and expected asset return rate Contributions January 1, 2020 $2,830,000 1,900,000 1,700,000 0 December 31, 2020 2021 $3,680,700 $4,230,156 2,440,000 2,901.000 2,898,000 3,762,000 198,000 (24,000) 8 % 10 % 10 % 1,028,000 574,200 The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $398,000 in 2020 and $477,000 in 2021. The accumulated OCI (PSC) on January 1, 2020, was $1,407,000. No benefits have been paid. Compute the amount of accumulated OCI (PSC) to be amortized as a component of net periodic pension expense for each of the years 2020 and 2021. $ Amount of accumulated OCI (PSC) to be amortized for the year 2020 Amount of accumulated OCI (PSC) to be amortized for the year 2021 $ eTextbook and Media Prepare a schedule which reflects the amount of accumulated OCI (G/L) to be amortized as a component of pension expense for 2020 and 2021 Projected Benefit Obligation Year Plan Assets 10% Corridor Accumulated OCI (G/L) $ $ 2020 $ $ 2021 e Textbook and Media Determine the total amount of pension expense to be recognized by Whispering Company in 2020 and 2021. $ Pension expense for 2020 Pension expense for 2021 $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Prepare a schedule which reflects the amount of accumulated OCI (G/L) to be amortized as a component of pension expense for 2020 and 2021. Plan Assets 10% Corridor Accumulated OCI (G/L) Minimum Amortization of (Gain) Loss $ eTextbook and Media