Pension data for David Emerson Enterprises include the following:

$($$ in millions$)$

Discount rate, $10\%$

Projected benefit obligation, January $1$ $ $360$

Projected benefit obligation, December $31465$

Accumulated benefit obligation, January $1300$

Accumulated benefit obligation, December $31415$

Cash contributions to pension fund, December

$31150$

Benefit payments to retirees, December $3154$

Required:

Assuming no change in actuarial assumptions and estimates, determine the service cost

component of pension expense for the year ended December $31.$

$5).$ Pension data for Fahy Transportation Inc. include the following:

$($$ in millions$)$

Discount rate, $7\%$

Expected return on plan assets, $10\%$

Actual return on plan assets, $11\%$

Projected benefit obligation, January $1$ $ $730$

Plan assets $($fair value$),$ January $1700$

Plan assets $($fair value$),$ December $31750$

Benefit payments to retirees, December $3166$

Required:

Assuming cash contributions were made at the end of the year, what was the amount of those

contributions?

$6).$ M$-$Howard Inc. has a defined benefit pension plan. On December $31($the end of the fiscal

year$),$ the company received the PBO report from the actuary. Among the information included

in the report were the following items: ending PBO, $$110,000$; benefits paid to retirees, $$10,000$;

interest cost, $$7,200.$ The discount rate applied by the actuary was $8\%.$ What was the beginning

PBO?