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The following defined benefit pension data of Sandhill Corp. apply to the year 2020: $436,000 425,800 10,200 60,200 Defined benefit obligation, funding basis, 1/1/20 (before
The following defined benefit pension data of Sandhill Corp. apply to the year 2020: $436,000 425,800 10,200 60,200 Defined benefit obligation, funding basis, 1/1/20 (before amendment) Plan assets, 1/1/20 Net defined benefit liability. 1/1/20 On January 1, 2020, Sandhill Corp., through a plan amendment granted prior service benefits having a present value of Interest/discount rate Annual pension service cost Contributions (funding) Actual return on plan assets Benefits paid to retirees 9% 42,500 42,800 40,500 49,200 The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis. Prepare a continuity schedule for the plan assets for 2020. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sandhill Corp. Continuity Schedule
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