Stingley Corp. reported the following items in the footnotes to its 2020 financial statements relative to the defined benefit pension plan that it sponsors for its employees:

At December 31, 2019:

• Projected Benefit Obligation: $4,522,000
• Fair Value of Pension Plan Assets: $4,885,000
• Unamortized Prior Service Cost: $240,000
• Unamortized Unexpected Loss: $520,000
• Actuarial Present Value of Expected Benefit Payments in 2020: $750,000

For Fiscal Year 2020:

• Current Service Costs: $924,000
• Actual Return on Plan Assets: $532,000
• Actuarial Loss due to Change in Assumptions on December 31: $650,000
• Benefits Paid to Retirees: $855,400
• Employer Contributions to Plan: $829,000
• Settlement Rate: 9%
• Expected Return on Plan Assets: 11%
• Estimated Remaining Service Life of Employees: 20 years
• Actuarial Present Value of Expected Benefit Payments in 2020: $785,000

1. Determine the funded status of the pension plan at December 31, 2019. (2 points)

	Amount
Overfunded (Underfunded)

Supporting Computation Required:

2. Properly classify the resulting pension benefit asset or liability in the balance sheet of Stingley Corp. plan at December 31, 2019 by writing the relevant amount(s) in the applicable box(es). (2 points)

	Current	Noncurrent
Pension Benefit Asset
Pension Benefit Liability

3. Compute the following amounts relating to net periodic pension cost to be recognized by Stingley Corp. for the year ended December 31, 2020.

	Amount
Interest on the Project Benefit Obligation for 2020 (2 points)

Supporting Computation Required:

	Amount
Expected Return on Plan Assets for 2020 (2 points)

Supporting Computation Required:

	Amount
Amortization of Unamortized Prior Service Cost for 2020 (2 points)

Supporting Computation Required:

	Amount
Corridor Amortization of Unexpected Loss for 2020 (4 points)

Supporting Computation Required: