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Question 7 The following information relates to the pension plan for the employees of Crane Co.: Accum. benefit obligation 1/1/17 12/31/17 12/31/18 $10340000 $10760000 $13700000

Question 7 The following information relates to the pension plan for the employees of Crane Co.: Accum. benefit obligation 1/1/17 12/31/17 12/31/18 $10340000 $10760000 $13700000 Projected benefit obligation 10865000 11558000 15107000 Fair value of plan assets 10025000 12020000 13154000 AOCI - net (gain) or loss -0- (1692000) (1790000) Settlement rate (for year) Expected rate of return (for year) 11% 11% 8% 7% Crane estimates that the average remaining service life is 16 years. Crane's contribution was $1433000 in 2018 and benefits paid were $1097000. The amount of AOCI (net gain) amortized in 2018 is $8014. $29238. $30625. $1889

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