Problem $15-10$ Determining pension elements $($LO $15-3,$ LO $15-4,$ LO $15-6)$

On January $1,20$X$1,$ Cello Co$.$ established a defined benefit pension plan for its employees. At January $1,20$X$1,$ Cello estimated the service cost for $201$ to be $$45,000.$ At January $1,202,$ it estimated $202$ service cost to be $$49,000.$ On the plan inception date. prior service credit was granted to employees for five years, the period of time between the company's formation and plan inception. The prior service cost was estimated to be $$650,000$ at January $1,201.$ Cello uses a $10\%$ discount rate and assumes a return on plan assets of $9\%.$ The average remaining service life of employees is $20$ years, and the company will fund at the end of each year an amount equal to service cost plus interest cost for $201$ and $202$

$\backslash$table$[[,$December $31,,],[,202,201$