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On January 1,2025, Blossom Company has the following defined benefit pension plan balances. ...

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Accounting

On January 1,2025, Blossom Company has the following defined benefit pension plan balances.
Projected benefit obligation $4,454,000
Fair value of plan assets ,4,140,000
The interest (settlement) rate applicable to the plan is 10%. On January 1,2026, the company amends its pension agreement so that
prior service costs of $509,000 are created. Other data related to the pension plan are as follows.
(a)
Prepare a pension worksheet for the pension plan for 2025 and 2026.(Enter all amounts as positive.)
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