Question 9 of 22 - /20 E View Policies Current Attempt in Progress Larkspur Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2020, January 1, 2020 $1.488,000 December 31, 2020 $1,514,000 809,000 1,135.900 Projected benefit obligation Market related and fair value of plan assets Accumulated benefit obligation Accumulated OCI G/L)-Net gain 1.600,000 1.718,800 0 (198,800) The service cost component of pension expense for employee services rendered in the current year amounted to $76,000 and the amortization of prior service cost was $118.800. The company's actual funding (contributions) of the plan in 2020 amounted to $246,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10% Accumulated other comprehensive income (PSC) had a balance of $1,188,000 on January 1, 2020. Assume no benefits paid in 2020. (a) Determine the amounts of the components of pension expense that should be recognized by the company in 2020 (Enter amounts that reduce pension expense with either a negative sign preceding the number eg -45 or parenthesis eg. (451) (a) Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number eg.-45 or parenthesis eg. (45) Components of Pension Expense $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit