Question

Please help with the following question

Answer 1

Ans-

Particulars ($ in 000s)	PBO	Plan Assets	Prior Service Cost- AOCI	Net Loss- AOCI	Pension Expense	Cash	Net Pension (Liability)/ Asset
Balance, Jan.1,2018	$(1,000)	$ 740	$ 228	$ 100			$ (260)
Service Cost	(120)				120		(120)
Interest Cost,5%	(50)				50		(50)
Expected return on assets		59.20			(59.20)		59.20
Adjust for:-
Loss on assets		(24)		24			(24)
Amortization:
Prior service cost			(24)		24
Amortization:
Net loss				-	-
Gain on PBO	24			(24)			24
Prior Service Cost	-		-				-
Cash funding		104				(104)	104
Retiree benefits	50	(50)
Balance, Dec.31, 2018	$ (1,096)	$ 829.2	$ 204	$ 100	$134.80	$ (104)	$(266.8)