Indicate the pension$-$related amounts that would be reported on the income statement for Pharoah Company for the year $2025.$

PHAROAH COMPANY

Income Statement $($Partial$)$

For the Year Ended December $31,2025($c$2)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$3)$

The parts of this question must be completed in order. This part will be available when you complete the part above. Account Titles and Explanation

Debit

Credit

Pension Asset$/$Liability

Other Comprehensive Income $($PSC$)$

Other Comprehensive Income $($G$/$L$)$ Components of Pension Expense

$

Interest on Projected Benefit Obligation

Expected Return on Plan Assets

Amortization of Prior Service Cost

$$($Pension Expense, Journal Entries, Statement Presentation$)$ Ferreri Company received the following selected information from its pension plan trustee concerning the operation of the company$$s defined benefit pension plan for the year ended December $31,2025.$

January $1,2025$ December $31,2025$

Projected benefit obligation $$1,497,000$ $$1,525,000$

Market$-$related and fair value of plan assets $806,0001,139,600$

Accumulated benefit obligation $1,573,0001,693,800$

Accumulated OCI $($G$/$L$)$Net gain $0(199,700)$

The service cost component of pension expense for employee services rendered in the current year amounted to $$78,000$ and the amortization of prior service cost was $$120,800.$ The company$$s actual funding $($contributions$)$ of the plan in $2025$ amounted to $$253,000.$ The expected return on plan assets and the actual rate were both $10\%$; the interest$/$discount $($settlement$)$ rate was $10\%.$ Accumulated other comprehensive income $($PSC$)$ had a balance of $$1,208,000$ on January $1,2025.$ Assume no benefits paid in $2025.$

Instructions

Determine the amounts of the components of pension expense that should be recognized by the company in $2025.$

Prepare the journal entry to record pension expense and the employer$$s contribution to the pension plan in $2025.$

Indicate the pension$-$related amounts that would be reported on the income stateme Account Titles and Explanation

Debit

Credit

Pension Asset$/$Liability

Other Comprehensive Income $($PSC$)$

Other Comprehensive Income $($G$/$L$)$ Indicate the pension$-$related amounts that would be reported on the income statement for Pharoah Company for the year $2025.$

PHAROAH COMPANY

Income Statement $($Partial$)$

For the Year Ended December $31,2025($c$2)$

The parts of this question must be completed in order. This part will be available when you complete the part above.

$($c$3)$

The parts of this question must be completed in order. This part will be available when you complete the part above.nt and the balance sheet for Ferreri Company for the year $2025.$