h 17 Pensions Help Save & Exit Submit 7 ciark inaustries nas a aetnea bene 13% service years x Final year's salary it pension pian that specities annual reirement penents equal to: Stanley Mills was hired by Clark at the beginning of 1999. Mills is expected to retire at the end of 2043 after 45 years of service, His retirement is expected to span 15 years. At the end of 2018, 20 years after being hired, his salary is $88,000. The company's actuary projects Mills's salary to be $350,000 at retirement. Th of S1. FVAD of $1 and PVAD of $1) . (Use appropriate factor(s) from the tables provided.) Required 1. Estimate the amount of Stanley Mills's annual retirement payments for the 15 retirement years earned as 2. Suppose Clark's pension plan permits a lump-sum equivalent as the present value as of 3. What is the company's projected benefit obligation at the end of 2018 with respect to Stanley Mills? 4 Even though pension accounting centers on the PB note. What 5. If we assume respect to Stanley Mills? 6. What portion of the 2019 increase in the PBO is attributable to 2019 service (the service cost component of and to accrued interest (the interest cost component of pension expense)? ent at retire payments. Determine the lump-sum the retirement date of annuity payments during the retirement period. O calculation, the ABO still must be disclosed in the pension disclosure t is the company's accumulated benefit obligation at the end of 2018 with respect to Stanley Mills? no estimates change in the meantime, what is the company's projected benefit obligation at the end of 2019 with For all requirements, round final answers to the nearest whole doildies S91,000 $883,810 S 205 $31,933 2. PV of