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Windsor Company sponsors a defined benefit pension plan for its 600 employees. The companys actuary provided the following information about the plan. January 1, December

Windsor Company sponsors a defined benefit pension plan for its 600 employees. The companys actuary provided the following information about the plan.

January 1,

December 31,

2020

2020

2021

Projected benefit obligation $2,810,000 $3,661,900 $4,202,852
Accumulated benefit obligation 1,880,000 2,413,000 2,901,000
Plan assets (fair value and market-related asset value) 1,690,000 2,898,000 3,799,000
Accumulated net (gain) or loss (for purposes of the corridor calculation) 0 198,000 (24,000 )
Discount rate (current settlement rate) 9 % 8 %
Actual and expected asset return rate 10 % 10 %
Contributions 1,039,000 611,200

The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $401,000 in 2020 and $470,000 in 2021. The accumulated OCI (PSC) on January 1, 2020, was $1,333,500. No benefits have been paid.

(a)

Incorrect answer iconYour answer is incorrect.

Compute the amount of accumulated OCI (PSC) to be amortized as a component of net periodic pension expense for each of the years 2020 and 2021.

Amount of accumulated OCI (PSC) to be amortized for the year 2020

$

Amount of accumulated OCI (PSC) to be amortized for the year 2021

$

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