The following information relate to the defined benefit pension plan of Lorentz Corp. as of 1/1/x1 Projected benefit obligation Fair value of plan assets Unrecognized prior service cost Unrecognized net pension gain or (loss) 1,655,000 1,513,500 221,600 (65,000) Pension data for 20x1 and 20x2: 20x1 20x2 Service cost 88,000 99,000 Contributions to pension plan 120,000 125,000 Benefits paid to retirees 132,000 140,000 Actual return on pension plan assets 26,350 180,000 Amortization of prior service costs 53,000 42,000 Settlement interest rate 11% 11% Expected rate of return on plan assets Accumulated benefit obligation 12/31 Vested benefit obligation 12/31 Average remaining service lives of employees 12 years 1,850,000 1,500,000 14 years 10% 10% 1,620,000 1,200,000 1. Calculate the PBO at 12/31/x1 and 12/31/x2 Beginning balance Service cost Interest Benefits paid to retirees Ending balance 2. Calculate the fund balance at 12/31/x1 and 12/31/x2 Beginning balance Contributions to pension plan Actual return on pension plan assets Benefits paid to retirees Ending balance 3. The corridor for amortization of gain or loss is, for 20x1 $ 4. Calculate the experience gain or loss, if any for 20x1 and 20x2 Actual return on plan assets Expected return on plan assets Experience gain (loss) 20x1 20x2 1,655,000 20x1 1,513,500 20x1 for 20x2 20x2 20x2