The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2020: Service cost $1,000,000 Actual return on plan assets 500,000 Annual contributiot to the plan 1,840,000 Prior service cost from pension plan amendment in 2019: 2,500,000 Benefits paid to retirees 120,000 Average remaining service life of employees Interest rate 10% Expected rate of return on plan assets 8% Plan Asset, beginning balance $5,500,000 PBO, beginning balance $8,000,000 10 years The accumulated benefit obligation at December 31, 2020, amounted to $6,500,000. Required: 1. Calculate the ending balance of Plan Asset in 2020 2. Calculate the ending balance of Projected Benefit Obligation in 2020 3. Calculate the pension expense in 2020 4. What's the ending balance of net gain (loss) - AOCI in 2020 5. What's the ending balance of prior service cost - AOCI in 2020 2 The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2020: Service cost $1,000,000 Actual return on plan assets 500,000 Annual contributiot to the plan 1,840,000 Prior service cost from pension plan amendment in 2019: 2,500,000 Benefits paid to retirees 120,000 Average remaining service life of employees Interest rate 10% Expected rate of return on plan assets 8% Plan Asset, beginning balance $5,500,000 PBO, beginning balance $8,000,000 10 years The accumulated benefit obligation at December 31, 2020, amounted to $6,500,000. Required: 1. Calculate the ending balance of Plan Asset in 2020 2. Calculate the ending balance of Projected Benefit Obligation in 2020 3. Calculate the pension expense in 2020 4. What's the ending balance of net gain (loss) - AOCI in 2020 5. What's the ending balance of prior service cost - AOCI in 2020 2