r On January 1,2018, Moore Co. has the following balances: Projected benefit obligation Fair value of plan assets $5,600,000 5,000,000 The settlement rate is 10%. Other data related to the pension plan for 2018 are: Service cost Amortization of prior service costs Contributions Benefits paid Actual return on plan assets Amortization of net gain $320,000 72,000 360,000 335,000 352,000 24,000 What is the fair value of plan assets at December 31, 2018? (Hint: solve as you would on a Pension Plan Worksheet) a #7 Hubbard Company has the following information at December 31, 2018 related to its pension plan: Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Accumulated OCI (PSC) $5,000,000 4,000,000 5,440,000 375,000 The amount of pension assetliability Hubbard Company would recognize at December 31, 2018 is: #8 Nash Co. as lessee records a capital lease of machinery on January 1, 2018, The seven annual lease payments of $875,000 are made at the end of each vear. The present value of the lease payments at 10% is $4,260,000. Hughey uses the effective- interest method of amortization and sum-of-the-years'-digits depreciation (no residual value). Instructions (Round to the nearest dollar.) (a) Prepare an amortization table for 2018 and 2019 (b) Prepare all of Nash's journal entries for 2018