Year 3 There are no amendments or other unusual events in Year 3, but the actuary informs you that changes in expected future salary growth has created an actuarial gain. (numbers in 000s) 120 136 170 150 Service cost Interest cost Expected return on plan assets Actuarial gain / (loss) Plan amendment Actual return on plan assets Benefits paid Employer contributions o 250 (85) 100 Discount rate Expected return Salary increases 1/1/2013 12/31/2013 4.00% 4.00% 7.00% 7.00% 4.00% 4.00% Required (11 pts): a) Prepare the disclosure for the change in plan obligation and the change in plan assets for the year and determine the ending funded status. b) Prepare the disclosure for the net period benefit cost (i.e., pension expense) for the period. c) Determine the amount of any amortization of gains and losses for the following year. Year 3 There are no amendments or other unusual events in Year 3, but the actuary informs you that changes in expected future salary growth has created an actuarial gain. (numbers in 000s) 120 136 170 150 Service cost Interest cost Expected return on plan assets Actuarial gain / (loss) Plan amendment Actual return on plan assets Benefits paid Employer contributions o 250 (85) 100 Discount rate Expected return Salary increases 1/1/2013 12/31/2013 4.00% 4.00% 7.00% 7.00% 4.00% 4.00% Required (11 pts): a) Prepare the disclosure for the change in plan obligation and the change in plan assets for the year and determine the ending funded status. b) Prepare the disclosure for the net period benefit cost (i.e., pension expense) for the period. c) Determine the amount of any amortization of gains and losses for the following year