map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F% Learning Software | MX ns & Other EE Future Benefits i 5 Question Check my work mode : This shows what is correc Defined benefit obligation, 31 December 20x1 Benefits paid to retirees in 20x2 during the year $154,000 Current service cost for 20X2 30,000 Actual return on plan assets for 20X2 8,300 3,600 Fair value of plan assets, 31 December 20x1 94,000 Funding payment 1, December 2002 8,600 Past service cost from amendment dated 31 December 20x2; liability is increased because benefits were increased on a retrospective basis 5,300 Actuarial revaluation dated 31 December 20x2; decrease to liability because of changed mortality assumptions (4,100 Long-term interest rate on corporate bonds 6% Required: 1. Calculate the SFP net defined benefit pension liability as of 31 December 20X1. Answer is complete and correct. Net defined benefit pension liability, 31 December 20X1 $ 60,000 2. Compute the defined benefit obligation at 31 December 20X2 and the fair value of plan assets om Defined benefit obligation, 31 December 20X2 Fair value of plan assets, 31 December 20X2 3. Analyze the three elements of pension accounting for 20X2: service cost, net interest, and remeasure Prey map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F% Learning Software | MX ns & Other EE Future Benefits i 5 Question Check my work mode : This shows what is correc Defined benefit obligation, 31 December 20x1 Benefits paid to retirees in 20x2 during the year $154,000 Current service cost for 20X2 30,000 Actual return on plan assets for 20X2 8,300 3,600 Fair value of plan assets, 31 December 20x1 94,000 Funding payment 1, December 2002 8,600 Past service cost from amendment dated 31 December 20x2; liability is increased because benefits were increased on a retrospective basis 5,300 Actuarial revaluation dated 31 December 20x2; decrease to liability because of changed mortality assumptions (4,100 Long-term interest rate on corporate bonds 6% Required: 1. Calculate the SFP net defined benefit pension liability as of 31 December 20X1. Answer is complete and correct. Net defined benefit pension liability, 31 December 20X1 $ 60,000 2. Compute the defined benefit obligation at 31 December 20X2 and the fair value of plan assets om Defined benefit obligation, 31 December 20X2 Fair value of plan assets, 31 December 20X2 3. Analyze the three elements of pension accounting for 20X2: service cost, net interest, and remeasure Prey