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The following data relate to a pension plan for Sports Ball Inc. Account Balances Projected Benefit Obligation Jan 1, 2020 $90,000 Cr. Plan Assets 90,000

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The following data relate to a pension plan for Sports Ball Inc. Account Balances Projected Benefit Obligation Jan 1, 2020 $90,000 Cr. Plan Assets 90,000 Dr. Accumulated OCI-Pension Gain/Loss 15,000 Cr Accumulated OCI Prior Service Cost 24,000 Dr. Activity Service cost 2020 $21,000 Contributions 27,000 Prior service cost amortization 3,000 Expected return on plan assets 6,000 Actual return on plan assets 9,000 Required a. Record journal entry related to the defined pension plan for 2020 assuming a settlement rate of 8%. Amortize Accumulated OCI Pension Gain Loss using the straight-line method over 15 years. If needed, round your answers to the nearest whole dollar. b. What is the ending balance of PBO for 2020? c. What is the ending balance of Plan Assets for 2020? d. What is the ending balance for AOCI/PSC for 20207 e. What is the ending balance for AOCI/Gain/Loss for 20207 f. What is the funding status of the defined pension plan at the end of 20207 MacBook Pro Q $ & 7 00 # 0 - 9 3 4 5 0 P - U E R Y T L K H J F G D

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