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USING THE CORRIDOR CALCULATED IN THE PREVIOUS QUESTION, PLEASE CALCULATE THE AMORTIZATION OF GAINS/LOSSES FOR 2020-2024. The actuary for the pension plan of Gustafson, Inc.
USING THE CORRIDOR CALCULATED IN THE PREVIOUS QUESTION, PLEASE CALCULATE THE AMORTIZATION OF GAINS/LOSSES FOR 2020-2024. The actuary for the pension plan of Gustafson, Inc. calculated the following net gains and losses. incurred During The Year (Gain) or Loss 2020 $ 250,000 2021 (20,000) 2022 100,000 2023 (125,000) 2024 90,000 Other information about the company's pension obligation and plan assets is as follows. As of January 1, PBO Plan Assets 2020 $1,800,000 $ 1,700,000 2021 1,900,000 1,850,000 As of January 1 PBO Plan Assets 2020 $1,800,000 $ 1,700,000 2021 1,900,000 1,850,000 2022 2,000,000 2,100,000 2,000,000 2023 2,150,000 2024 1,950,000 2,100,000 The average remaining service life for Gustafson's employees is 10 years. The beginning balance of accumulated OCI - Gain/Loss is zero on January 1, 2020. What is the amortization of the pension gains/losses for 2020-2024 using the average remaining service life for the employees as the basis for amortization? Year Amortization 2020 2021 2022 2023
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