Rockwell Corporation received the following information from its actuary concerning the operation of the corporations defined benefit pension plan.

Details	January 1, 2019 $000	December 31, 2019 $000
Vested benefit obligation	1500	1900
Accumulated benefit obligation	1900	2730
Defined benefit obligation	3600	4700
Plan assets (fair value)	2320	3500
Discount (Interest) rate	0	10%
Pension asset/liability	1280	?
Service cost for the year 2019	0	590
Contributions (funding in 2019)	0	980
Benefits paid in 2019	0	310

Instructions

2.Compute the amount of the other comprehensive income (G/L)as of December 31, 2019. (Clearly show the computation for pension liability gains/losses and asset gains/losses) (Assume the January 1, 2019, balance was zero.) (6 marks)

3.Prepare a 2019 pension worksheet with supplementary schedules. (5 marks)

5Indicate the amounts that would be reported on the Income Statement and the Statement of Financial Position for the year 2019. (3 marks)

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