Question: Sage Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. 2019 2020 2021 2022 Projected Benefit

 Sage Inc. has beginning-of-the-year present values for its projected benefit obligation

Sage Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. 2019 2020 2021 2022 Projected Benefit Obligation $1,030,000 1.287,500 1.648.000 2.163,000 Plan Assets Value $927.000 1.133,000 1,493,500 2,060,000 The average remaining service life per employee in 2019 and 2020 is 8 years and in 2021 and 2022 is 11 years. The net gain or loss that occurred during each year is as follows: 2019.$169,950 gain: 2020, $41.200 gain: 2021. $30,900 loss; and 2022. $15,450 loss. (In working the solution, the gains and losses must be aggregated to arrive at year-end balances.) Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the 4 years, setting up an appropriate schedule. Year Minimum Amortization of Loss 2019 $ 2020 $ 2021 $ 2022 $

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