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The following information is for the pension plan for the employees of Crane, Inc. 12/31/20 12/31/21 Accumulated benefit obligation $2,820,000 $3,780,000 Projected benefit obligation 3,120,000
The following information is for the pension plan for the employees of Crane, Inc. 12/31/20 12/31/21 Accumulated benefit obligation $2,820,000 $3,780,000 Projected benefit obligation 3,120,000 4,020,000 Fair value of plan assets 3,150,000 3,650,000 AOCI - Net (gain) or loss (445,000) (500,000) Settlement rate 7% 7% Expected rate of return 6% 5% Crane estimates that the average remaining service life is 15 years. Crane's contribution was $536,000 in 2021 and benefits paid were $270,000. Calculate the interest cost for 2021. Interest cost for 2021 Calculate the actual return on plan assets in 2021. Actual return on plan assets for 2021 Calculate the unexpected gain or loss in 2021. Unexpected gain or loss in 2021 $1 Calculate the corridor for 2021 and the amortization of the net gain for 2021. (Round answers to 0 decimal places, e.g. 5,275.) Corridor for 2021 $ Amortization of the net gain for 2021
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