Question $5$

On January $1,2025,$ Tomkins Company had the following balances:

Other data related to the pension plan for $2025$:

Required:

$($a$)$ Determine the projected benefit obligation at December $31,2025.$

$($b$)$ Determine the fair value of plan assets at December $31,2025.$

$($c$)$ Calculate pension expense for $2025.$

$($d$)$ Prepare the journal entry to record pension expense and the contributions for $2025.$