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View Policies Current Attempt in Progress Wildhorse Corporation is a private company with a defined benefit pension plan. The following information is available for Wildhorse
View Policies Current Attempt in Progress Wildhorse Corporation is a private company with a defined benefit pension plan. The following information is available for Wildhorse Corporation for 2020: Opening balance, DBO $198,000 Opening balance, plan assets 189,000 Service cost 54,500 Employer contributions paid evenly through 2020 72,500 Applicable interest or discount rate 10 % Actual return on plan assets 23,500 Actuarial loss due to change in actuarial assumptions 13,200 Assuming that Wildhorse follows ASPE, determine the 2020 effect of the pension plan on pension expense and the company's shareholders' equity. The pension plan results in total pension expense and a related in the net income and shareholders' equity by $
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