The following data are for the pension plan for the employees of Sepia Company. 1/1/20...
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The following data are for the pension plan for the employees of Sepia Company. 1/1/20 12/31/20 12/31/21 Accumulated benefit $5,000,000 $5,200,000 $6,800,000 obligation Projected benefit obligation 5,400,000 5,600,000 7,400,000 Plan assets (at fair value) 4,600,000 6,000,000 6,600,000 AOCL - net loss -0- 960,000 1,000,000 Settlement rate (for year) 10% 9% Expected rate of return (for year) 8% 7% Assume that the actual return on plan assets in 2021 was $530,000. The unexpected gain on plan assets in 2021 was $68,000 $64,000. O $70,000. O $110,000
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