Question: (b) Your answer is partially correct. Try again. Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is


(b) Your answer is partially correct. Try again. Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,300. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehensive income (loss) 4,200 Comprehensive income (loss) 31,100Exercise 20-09 (Part Level Submission) Bonita Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation $2,755,400 Accumulated benefit obligation 1,982,500 Fair value of plan assets 2,284,800 Accumulated OCI (PSC) 208,700 Accumulated OCI-Net loss (1/1/20 balance, 0) 46,000 Pension liability 470,600 Other pension plan data for 2020: Service cost $93,900 Prior service cost amortization 41,800 Actual return on plan assets 130,500 Expected return on plan assets 176,500 Interest on January 1, 2020, projected benefit obligation 252,700 Contributions to plan 94,200 Benefits paid 139,600
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