Question: Pension data for Manu Services Inc. include the following: Discount rate 8% Expected return on plan assets 9% Actual return on plan assets 7% Service
Pension data for Manu Services Inc. include the following:
Discount rate
8%
Expected return on plan assets
9%
Actual return on plan assets
7%
Service cost, 2016
215,510
Accumulated benefit obligation1/1/16
1,866,110
Projected benefit obligation1/1/16
2,397,440
Plan assets (fair value) 1/1/16
2,957,640
Prior service cost-AOCI 1/1/16
320,765
Net loss-AOCI 1/1/16
283,364
2016 Cash contributions to pensionfund
310,650
2016 Benefit payments to retirees
262,925
On average, employees' remaining service life with the company is 10 years
After recording all transactions for 2016, the balance inPlan Assetswill be _______
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