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The following information relates to the pension plan for the employees of Sheridan Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 8540000 $ 8960000 $
The following information relates to the pension plan for the employees of Sheridan Co.: 1/1/20 12/31/20 12/31/21 Accum. benefit obligation $ 8540000 $ 8960000 $ 11900000 Projected benefit obligation 9065000 9758000 13307000 Fair value of plan assets 8225000 10220000 11354000 AOCI - net (gain) or loss -0- (1442000 ) (1610000) Settlement rate (for year) 10% 10% Expected rate of return (for year) 7% 6% Sheridan estimates that the average remaining service life is 16 years. Sheridan's contribution was $1253000 in 2021 and benefits paid were $917000. The corridor for 2021 is $1022000. $1330700. O $613200. $798420
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