Question: Skysong Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. The average remaining service life per

 Skysong Inc. has beginning-of-the-year present values for its projected benefit obligation
and market-related values for its pension plan assets. The average remaining service

Skysong Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. 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,$174,900gain;2020,$42,400gain,2021,$31,800 loss; and 2022, \$15,900 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. Year201920202021MinimumAmortizationofLoss$$$

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