PLEASE ONLY ANSWER IF YOU ARE ABLE TO SHOW WORK FOR (A THRU E) QUESTIONS

E20-13B (Computation of Actual Return, Gains and Losses, Corridor Test, Prior Service Cost, and

Pension Expense) Shiloh Acres sponsors a defined-benefit pension plan. The corporations actuary provides the following information about the plan.

January 1, 2014 December 31, 2014

Vested benefit obligation $500 $610

Accumulated benefit obligation 650 795

Projected benefit obligation 860 996

Plan assets (fair value) 600 740

Settlement rate and expected rate of return 10%

Pension asset/liability 260 ?

Accumulated OCI (PSC) 210 ?

Service cost for the year 2014 100

Contributions (funding in 2014) 80

Benefits paid in 2014 50

The average remaining service life per employee is 10 years.

Instructions PLEASE SHOW ALL CALCULATIONS. THANKS

(a) Compute the actual return on the plan assets in 2014.

(b) Compute the amount of other comprehensive income (G/L) as of December 31, 2014. (Assume the

January 1, 2014, balance was zero.)

(c) Compute the amount of net gain or loss amortization for 2014 (corridor approach).

(d) Compute the amount of prior service cost amortization for 2014.

(e) Compute pension expense for 2014.