12. Bears Inc. has the following data relevant to its pension plan for the year...
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12. Bears Inc. has the following data relevant to its pension plan for the year 2020 . - Plan assets, January 1, 2020, are $600,000. - Projected benefit obligation, January 1, 2020, is $725,000. - Annual service cost is $220,000. - Settlement rate of 7 percent. - Actual return on plan assets is $55,000. - Expected return on plan assets of $72,000. - Funding contributions are $120,000. - Benefits paid to retirees during the year are $108,000. Complete a pension worksheet
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