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The actuary for the pension plan of Cullumber Inc. calculated the following net gains and losses. Incurred during the Year (Gain) or Loss 2025 $298,240
The actuary for the pension plan of Cullumber Inc. calculated the following net gains and losses. Incurred during the Year (Gain) or Loss 2025 $298,240 2026 484,100 2027 (207,900) 2028 (290,000) Other information about the company's pension obligation and plan assets is as follows. Projected Benefit As of January 1, Obligation Plan Assets (market-related asset value) 2025 $4,035,800 $2,392,400 2026 4,489,600 2,212,300 2027 4,954,600 2,584,400 2028 4,231,360 3,050,500 Cullumber Inc. has a stable labor force of 400 employees who are expected to receive benefits under the plan. The total service-years for all participating employees is 4,400. The beginning balance of accumulated OCI (G/L) is zero on January 1, 2025. The market- related value and the fair value of plan assets are the same for the 4-year period. Use the average remaining service life per employee as the basis for amortization. Prepare a schedule which reflects the minimum amount of accumulated OCI (G/L) amortized as a component of net periodic pension expense for each of the years 2025, 2026, 2027, and 2028. Apply the "corridor" approach in determining the amount to be amortized each year. (Round answers to O decimal places, e.g. 2,500.) +A $ Plan Assets 2392400 $ 2212300 2584400 Corridor 403580 $ 448960 495460 3050500 423136 Accumulated OCI (G/L) 298240 +A Minimum Amortization of (Gain) Loss
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