The Desmond Group provided the following information related to its defined-benefit plan for the current year:

* These amounts are included in the beginning balance of the PBO.
Required
a. Compute the pension cost for the current year.
b. Determine the ending balances of the plan assets and the projected benefit obligation and indicate the funded status of the plan.
c. Reconcile the ending balance in accumulated other comprehensive income and indicate the amounts attributable to unamortized prior service cost and unamortized net actuarial losses.
d. Prepare the journal entry to record the current year€™s pension cost.

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Description Beginning plan assets at fair value (equal to the market-related asset value) Beginning projected benefit obligation Service cost Settlement rate Expected return on plan assets Actual return on plan assets Contributions for the year Benefits paid during the year Amortization of prior service cost Beginning balance of accumulated other comprehensive income due to: . Unamortized prior service cost .Unamortized net actuarial losses Average remaining service life of employees Current Year Prior Year $806,160 965,270 60,000 10% 8% 40,000 65,760 34,560 25,200 Solve Solve S73,800 10% 40,320 106,080 28,800 9,200 Solve 38,580 Solve 95,047 10 years 10 years