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The following pension-related data pertain to Metro Recreation's noncontributory, defined benefit pension plan for 2021 (s in goes) Jan. 1 Dec. 31 $ 4,689 $
The following pension-related data pertain to Metro Recreation's noncontributory, defined benefit pension plan for 2021 (s in goes) Jan. 1 Dec. 31 $ 4,689 $ 4,888 3,740 4,900 5,280 5,725 Projected benefit obligation Accumulated benefit obligation Plan assets (fair value) Interest (discount) rate, 8% Expected return on plan assets, 10% Prior service cost-AOCI (from Dec. 31, 2020, amendment) Net loss AOCI Average remaining service life: 10 years Gain due to changes in actuarial assumptions Contributions to pension fund (end of year) Pension benefits paid (end of year) 890 548 48 390 345 Required: Prepare a pension spreadsheet that shows the relationships among the various pension balances, shows the changes in the balances, and computes pension expense for 2021. (Enter credit amounts with a minus sign and debit amounts with a po Enter your answers in thousands (i.e. 200,000 should be entered as 200).) (5 in 000) PBO Plan Assets Prior Service Cast-AOCI Net Loss AOCI Pension Expense Cash Net Pension (Liability Asset Balance, Jan. 1.2021 Service cost Interest cost Expected retum an assets Adjust for Loss on assets Amortization of Prior service cost Net loss Gain on PRO Cash funding Retiree benefits Bal Dec 31, 2021
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