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The following facts apply to the pension plan of Sarasota Inc. for the year 2020. Plan assets, January 1, 2020 $525,500 Projected benefit obligation,
The following facts apply to the pension plan of Sarasota Inc. for the year 2020. Plan assets, January 1, 2020 $525,500 Projected benefit obligation, January 1, 2020 525,500 Settlement rate 8 % Service cost 36,800 Contributions (funding) 23,800 Actual and expected return on plan assets 49,800 Benefits paid to retirees 30,300
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