Question: Pension data for Manu Services Inc. include the following: Discount rate 7% Expected return on plan assets 8% Actual return on plan assets 9% Service
Pension data for Manu Services Inc. include the following:
| Discount rate | 7% |
| Expected return on plan assets | 8% |
| Actual return on plan assets | 9% |
| Service cost, 2016 | 268130 |
| Accumulated benefit obligation 1/1/16 | 1971250 |
| Projected benefit obligation 1/1/16 | 2371320 |
| Plan assets (fair value) 1/1/16 | 2640530 |
| Prior service costAOCI 1/1/16 | 301177 |
| Net gainAOCI 1/1/16 | 264208 |
| 2016 Cash contributions to pension fund | 346416 |
| 2016 Benefit payments to retirees | 275792 |
On average, employees' remaining service life with the company is 10 years
When recording the pension expense for 2016 for Manu, Pension Expense will be debited for $
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