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Teal Enterprises provides the following information relative to its defined benefit pension plan. $2,749,800 1,994,100 2,265,800 209,500 45,400 484,000 Balances or Values at December 31,
Teal Enterprises provides the following information relative to its defined benefit pension plan. $2,749,800 1,994,100 2,265,800 209,500 45,400 484,000 Balances or Values at December 31, 2017 Projected benefit obligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/17 balance, 0) Pension liability Other pension plan data for 2017: Service cost Prior service cost amortization Actual return on plan assets Expected return on plan assets Interest on January 1, 2017, projected benefit obligation Contributions to plan Benefits paid $93,300 42,400 131,100 176,500 255,200 92,400 140,700 Prepare the note disclosing the components of pension expense for the year 2017. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense LINK TO TEXT Determine the amounts of other comprehensive income and comprehensive income for 2017. Net income for 2017 is $35,300. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehensive income (loss) Comprehensive income (loss) LINK TO TEXT Compute the amount of accumulated other comprehensive income reported at December 31, 2017. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Accumulated other comprehensive income (loss)
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