The following table provides information for a defined benefit pension plan: Required: Compute the amount of other
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The following table provides information for a defined benefit pension plan:
Required:
Compute the amount of other comprehensive income for 2018 to 2020.
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End-of-year balances, in $000's Pension assets at fair value Pension obligations at present value Net pension surplus (deficit) Transactions for the year Employer's contribution to pension Payments to retirees 2017 $60,000 56,000 $ 4,000 4,000 2,000 2018 $67,000 60,000 $ 7,000 4,000 3,000 2019 $71,000 65,000 $ 6,000 4,000 4,000 2020 $ 60,000 75,000 $(15,000) 4,000 5,000
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