I NEED HELP WITH E20-14B. I included 20-13b because it is need to complete 20-14B.

PLEASE SHOW CALCULATIONS

E20-13B (Computation of Actual Return, Gains and Losses, Corridor Test, Prior Service Cost, and Pension Expense) Shiloh Acres sponsors a defined-benefit pension plan. The corporations actuary provides the following information about the plan.

January 1, December 31,

2014 2014

Vested benefit obligation $500 $610

Accumulated benefit obligation 650 795

Projected benefit obligation 860 996

Plan assets (fair value) 600 740

Settlement rate and expected rate of return 10%

Pension asset/liability 260 ?

Accumulated OCI (PSC) 210 ?

Service cost for the year 2014 100

Contributions (funding in 2014) 80

Benefits paid in 2014 50

The average remaining service life per employee is 10 years.

Instructions

(a) Compute the actual return on the plan assets in 2014.

(b) Compute the amount of other comprehensive income (G/L) as of December 31, 2014. (Assume the January 1, 2014, balance was zero.)

(c) Compute the amount of net gain or loss amortization for 2014 (corridor approach).

(d) Compute the amount of prior service cost amortization for 2014.

(e) Compute pension expense for 2014.

E20-14B (Worksheet for E20-13B) Using the information in E20-13B about Shiloh Acres defined benefit pension plan, prepare a 2014 pension worksheet with supplementary schedules of computations.

PLEASE SHOW CALCUALTIONS

Prepare the journal entries at December 31, 2014, to record pension expense and related pension transactions. Also, indicate the pension amounts reported in the balance sheet.