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The following information regarding Monty Ltd's defined benefit pension plan was taken from the company's records for 2020: Defined Benefit Obligation, January 1 $9,872,000 Actual
The following information regarding Monty Ltd's defined benefit pension plan was taken from the company's records for 2020: Defined Benefit Obligation, January 1 $9,872,000 Actual return on plan assets 433,000 Benefits paid to retirees 844.000 Current year service cost 1,195,000 Interest cost 488.000 Employer contributions for the year 1,004,000 Pension Plan Assets, January 1 8,763.000 Prepare a continuity schedule for the DBO for 2020. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) $ $ 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).) $ $ $ $ Is the pension plan overfunded or underfunded for the year ended December 31, 2020? By how much? The pension plan is by $
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