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The following is partial information about Wright Inc.'s pension fund during 2021. - Actual return on plan assets is $54,000. - Expected return on plan
The following is partial information about Wright Inc.'s pension fund during 2021. - Actual return on plan assets is $54,000. - Expected return on plan assets of $75,000. - Plan adjustments on 12/31/21 that result in $44,000 in prior service costs. - Beginning of year plan assets $120,000. - Beginning of year projected benefit obligation of $142,000. - Average remaining employee service life of 10 years. - Wright has total service years of 110 related to the prior service costs. - In 2022 there will be 35 total service years related to the prior service costs. - In 2023 there will be 35 total service years related to the prior service costs. - In 2024 there will be 30 total service years related to the prior service costs. - In 2025 there will be 10 total service years related to the prior service costs. a. Calculate the corridor amount for 2021 : b. Calculate the amount of 2021 's OCl Gain/Loss to be amortized in future years: c. How much of the prior service costs will Wright recognize as pension expense in each of the following years
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