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Use the following information for questions1 through 3 The following data are for the pension plan for the employees of Addison Company 12/31/16 12/31/17 Accumulated
Use the following information for questions1 through 3 The following data are for the pension plan for the employees of Addison Company 12/31/16 12/31/17 Accumulated benefit obligation Projected benefit obligation Plan assets (at fair value) AOCI- net loss Settlement rate (for year) Expected rate of return (for year) $5,000,000 $5,200,000 $6,800,000 7,400,000 6,600,000 1,000,000 9% 7% 5,400,000 4,600,000 -0 5,600,000 6,000,000 960,000 10% 5% Addison's contribution was $840,000 in 2017 and benefits paid were $750,000. Addison estimates that the average remaining service life is 15 years 1. The actual return on plan assets in 2017 was 2. Assume that the actual return on plan assets in 2017 was $530,000. The unexpected gain on plan assets in 2017 was 3. The amount of AOCI-net loss amortized in 2017 was
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