This is for Pensions and what is required is to answer the transactions and put them in the correct column for each transaction. for the first question there is already the beginning balance so it wants you to calculate the net amount, for the second the pension benefit obligation increased to 75,000 so place whatever the number is in the table made etc.

(1) Opening Balances year 1 Estimate the opening Pension asset or Liability

(2) The actuary modifies the Pension Benefit Obligation by increasing it as of 1/1/Y1 by 75,000

(3) Restate the opening balances

(4) Year 1 annual service cost is 40,000

(5) The actuary reports that the Year 1 settlement rate is 5%

(6) Estimate the interest cost on the pension benefit obligation

(6) The company reports an estimate return on plan assets 80,000

(7) State the estimate rate of return on plan assets this represents

(8) The actual rate of return reported by the plan trustee is negative -1%

(9) State the actual return in $ amounts on the plan assets