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Complete the pension work sheet

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The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2015:

Service cost

$485,000

Actual return on plan assets

906,000

Annual contribution to the plan

904,000

Amortization of prior service cost

123,800

Benefits paid to retirees

51,000

Settlement rate

10%

Expected rate of return on plan assets

8%

The accumulated benefit obligation at December 31, 2015, amounted to $3,250,000. Accumulated OCI (PSC) at December 31, 2014 is $619,000. Projected benefit obligation and plan assets at December 31, 2014 are 3,940,000 and 2,700,000 respectively,

a. Using the above information for Marlin Corporation, complete the pension work sheet for 2015.

Reference no: EM13976706

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