Culver Enterprises provides the following information relative to its defined benefit pension plan. Balances or...
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Culver Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation $ 2,727,900 Accumulated benefit obligation 1,989,100 2,268,200 Fair value of plan assets Accumulated OCI (PSC) 209,400 Accumulated OCI-Net loss (1/1/20 balance, 0) 45,800 459,700 Pension liability Other pension plan data for 2020: Service cost $ 94,500 Prior service cost amortization 41,900 Actual return on plan assets 130,400 176,200 Expected return on plan assets Interest on January 1, 2020, projected benefit obligation 251,500 92,400 Contributions to plan Benefits paid 140,200 Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense $
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