Prepare the footnote required for Roweburry Blanket Company in P19-8 for the current year that includes the

Question:

Prepare the footnote required for Roweburry Blanket Company in P19-8 for the current year that includes the following components of the pension disclosure:
In P19-8
Roweburry Blanket Company offers all employees a defined-benefit pension plan. At the end of the current year, Roweburry€™s pension plan trustee reported the following information regarding the changes in the PBO, the plan assets at fair value, and the funded status of the plan.

Roweburry€™s management confirmed that the market-related asset value of the plan assets is equal to its fair value. The company uses a 9% expected rate of return. The company amortized its unamortized prior service cost at a rate of 20% for the current year. The prior service costs are for employees that are not vested. The beginning balance in the accumulated other comprehensive income account was $ 18,252 due to accumulated net actuarial losses. To date, there has been no required amortization of actuarial gains or losses. The accumulated benefit obligation on the pension plan trustee€™s report is equal to $ 1,245,000 at the end of the current year.
Required
a. T he plan obligations, the plan assets, and the funded status of the plan.
b. Amounts recognized in the statement of financial position.
c. Balance of accumulated other comprehensive income.
d. Information for pension plans with an accumulated benefit obligation in excess of plan assets. e. Components of Net Periodic Benefit Cost and Other Amounts Recognized in Net Income.
f. Other Changes in Plan Assets and Benefit Obligations Recognized in Other Comprehensive Income.