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The following information is for the pension plan for the employees of Wildhorse, Inc. 12/31/20 12/31/21 Accumulated benefit obligation $2,910,000 $3,870,000 Projected benefit obligation 3,210,000
The following information is for the pension plan for the employees of Wildhorse, Inc. 12/31/20 12/31/21 Accumulated benefit obligation $2,910,000 $3,870,000 Projected benefit obligation 3,210,000 4,110,000 Fair value of plan assets 3,240,000 3,740,000 AOCI - Net (gain) or loss (535,000) (590,000) Settlement rate 8% Expected rate of return 7% 8% 6% Wildhorse estimates that the average remaining service life is 15 years. Wildhorse's contribution was $608,000 in 2021 and benefits paid were $315,000. 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 $ Calculate the corridor for 2021 and the amortization of the net gain for 2021. (Round answers to 0 decimal places, eg. 5,275.) Corridor for 2021 Amortization of the net gain for 2021 $
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