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Do a pension worksheet inserting january balances

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Question - Larkspur Company provides the following information about its defined benefit pension plan for the year 2020.

Service cost $89,200

Contribution to the plan 106,100

Prior service cost amortization 10,300

Actual and expected return on plan assets 64,100

Benefits paid 40,100

Plan assets at January 1, 2020 632,500

Projected benefit obligation at January 1, 2020 702,600

Accumulated OCI (PSC) at January 1, 2020 151,200

Interest/discount (settlement) rate 11 %

Required - Do a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020.

Reference no: EM133156795

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