Insert Draw Page Layout Formulas Data Review View 20 A General Times New Roman BIU A A $ 96 2 Conditional Format Formatting as Table Cell Styles moo Update To keep up-to-date with security up , 4 X Fx 1. The company has 200 employees. All the expected to receive benefits under the Beckham Inc. has had a defined benefit pension plan for its employees since 1990, Relevant information about the pension plan is given below based on the date: On January 1, 2019: The company has 200 employees. All these employees are expected to receive benefits under the plan. The average remaining service life per employee is 10 years. 2PBO (projected benefit obligation) amounted to $5,000,000 3 The fair value of PA (pension plan assets] was $3,000,000. The market-related asset value was also $3,000,000.00 Calculated balance of Accumulated Prior Service costs wil 52,000,000 Balance of Accumulated OCI net Gain was $800,000 (shown in the worksheet). On December 31, 2019: 1 PBO $4,850,000 and the PA (pension plan assets) amounted to $4,100,000 A 10% settlement rate was used in the actuarial computations. The planasses earned an actual return of $325,000. The expected retum was $305,000 Pension benefits paid to retirees amounted to $75,000 There was a change in actuarial assumptions that created in decrease in pension obligation of $850,0 Service costs in 2019 amounted to $200,000. The employer's contribution to the plan assets amounted to $775,000 10 2019 Instructions (a) Compute, based on the average remaining life per employee, the prior service cost that would be amortized as a con (b) Compute the amount of the 2019 amortization of the set gains or losses and the amount to be amortized for prior Primar the mal entries required to report the accounting for the company's person plan for 2017