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The following information relate to the defined benefit pension plan of Lorentz Corp. as of 1 1 ? ? 1 Projected benefit obligation Fair value

The following information relate to the defined benefit pension plan of Lorentz Corp. as of 11??1
Projected benefit obligation
Fair value of plan assets
Unrecognized prior service cost
Unrecognized net pension gain or (loss)
Pension data for 201 and 202 :
Service cost
Contributions to pension plan
Benefits paid to retirees
Actual return on pension plan assets
Amortization of prior service costs
Settlement interest rate
Expected rate of return on plan assets
Accumulated benefit obligation 12/31
Vested benefit obligation 12/31
Average remaining service lives of employees
Calculate the PBO at 1231?x1 and 1231??2
Calculate the fund balance at 1231?x1 and 1231??2
The corridor for amortization of gain or loss is, for 201,$
for 202
Calculate the experience gain or logs, if any for 201 and 202
Calculate the amortization of gain or logs, if any for 201 and 202
Calculate pension expense (sometimes referred to net pension cost) for 201 and 202
Make journal entries to record pension expense for 201 and 202
Calculate the funded status for 201 and 202
Will the company report a pension asset or a liability in their balance sheet at the end of 202?
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