Stanley$-$Morgan Industrles adopted a defined benefit pension plan on Aprll $12,2024.$ The provisions of the plan were not made

retroactlve to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a $10\%$ rate of return. The

actual return was also $10\%$ In $2024$ and $2025.{?}^{**}$ A consulting firm, engaged as actuary, recommends $6\%$ as the approprlate discount

rate. The service cost is $$250,000$ for $2024$ and $$360,000$ for $2025.$ Year$-$end funding is $$260,000$ for $2024$ and $$270,000$ for $2025.$

No assumptions or estimates were revised during $2024.$

${?}^{**}$ We assume the estimated return was based on the actual return on similar Investments at the Inception of the plan and that, since the

estimate didn't change, that also was the actual rate in $2025.$

Required:

Calculate each of the following amounts as of both December $31,2024,$ and December $31,2025$:

Note: Enter your answers In thousands $($I$.$e$.,200,000$ should be entered as $200).$ Enter a llabllity as a negatlve amount.Stanley$-$Morgan Industries adopted a defined benefit pension plan on April $12,2024.$ The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a $10\%$ rate of return. The actual return was also $10\%$ in $2024$ and $2025.*$Footnote asterisk A consulting firm, engaged as actuary, recommends $6\%$ as the appropriate discount rate. The service cost is $$250,000$ for $2024$ and $$360,000$ for $2025.$ Year$-$end funding is $$260,000$ for $2024$ and $$270,000$ for $2025.$ No assumptions or estimates were revised during $2024.$Stanley$-$Morgan Industrles adopted a defined benefit pension plan on Aprll $12,2024.$ The provisions of the plan were not made

retroactlve to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a $10\%$ rate of return. The

actual return was also $10\%$ In $2024$ and $2025.{?}^{**}$ A consulting firm, engaged as actuary, recommends $6\%$ as the approprlate discount

rate. The service cost is $$250,000$ for $2024$ and $$360,000$ for $2025.$ Year$-$end funding is $$260,000$ for $2024$ and $$270,000$ for $2025.$

No assumptions or estimates were revised during $2024.$

${?}^{**}$ We assume the estimated return was based on the actual return on similar Investments at the Inception of the plan and that, since the

estimate didn't change, that also was the actual rate in $2025.$

Required:

Calculate each of the following amounts as of both December $31,2024,$ and December $31,2025$:

Note: Enter your answers In thousands $($I$.$e$.,200,000$ should be entered as $200).$ Enter a llabllity as a negatlve amount.

$*$Footnote asteriskWe assume the estimated return was based on the actual return on similar investments at the inception of the plan and that, since the estimate didn't change, that also was the actual rate in $2025.$

Required:

Calculate each of the following amounts as of both December $31,2024,$ and December $31,2025$: