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Sweet Company sponsors a defined benefit pension plan. The corporations actuary provides the following information about the plan. January 1, 2020 December 31, 2020 Vested

Sweet Company sponsors a defined benefit pension plan. The corporations actuary provides the following information about the plan.

January 1, 2020 December 31, 2020
Vested benefit obligation $1,370 $1,920
Accumulated benefit obligation 1,920 2,930
Projected benefit obligation 2,300 2,830
Plan assets (fair value) 1,770 2,650
Settlement rate and expected rate of return 10 %
Pension asset/liability 530 ?
Service cost for the year 2020 370
Contributions (funding in 2020) 770
Benefits paid in 202- 210

(a) Compute the actual return on the plan assets in 2020.

Actual return on the plan assets $

(b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2020. (Assume the January 1, 2020, balance was zero.)

Net pension liability gains and losses $

(c) Compute the amount of net gain or loss amortization for 2020 (corridor approach).

Net gain or loss amortization $

(d) Compute pension expense for 2020.

Pension expense $

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