Finished Goods Accounts Payable Accounts Receivable Accrued Pension Cost $20,900 15,300 13,300 32,400 23,800 8,900 $ 500 16,400 17,000 57,800 8,400 5,000 8,600 30,000 2,600 10,100 28,100 5,000 2,700 14,700 Income Taxes Payable Interest Payable Investment in Available-for-Sale Securities Accumulated Depreciation: Buildings Accumulated Depreciation: Machinery and Equipment 30,000 Land Accumulated Other Comprehensive Income Additional Paid-In Capital on Common Stock Additional Paid-In Capital on Preferred Stock Allowance for Doubtful Accounts Bond Sinking Fund Bonds Payable (due 2027) Buildings Cash Common Stock, $10 par Deferred Taxes Payable Discount on Bonds Payable Dividends Payable 2,000 Machinery and Equipment 16,300 Marketable Securities (short-term) 7,000 Notes Payable (short-term) 1,000 Patents (net) 7,700 Preferred Stock, $100 par 29,000 92,500 Raw Materials 7,200 44,100 2,800 2,500 5,600 Prepaid Insurance Retained Earnings Unearned Rent Wages Payable Work in Process

Haresh

The net pension liability (PBO minus plan assets) is increased by: A. Service cost. B. Expected return on plan assets. C. Amortization of prior service cost. D. Cash contributions to plan assets.

Fair value of plan assets 4,750,000Unamortized past service cost 1,250,000Projected benefit obligation 5,500,000Unrecognized actuarial gain 850,000The transactions for the current year relating to the defined benefit plan are as follows:Current service cost 925,000Discount rate 6%Actual return on plan assets 485,000Contribution to the plan 1,350,000Benefits paid to retirees 995,000Increase in projected benefit obligation due to changes in actuarial assumptions 150,000Effective in the current year, the entity has applied the provisions of revised PAS 19 in relation to the definedbenefit plan.REQUIRED:15. Prepare journal entry to recognize the transitional effect of adopting revised PAS 19.16. Determine the employee benefit expense for the current year.17. Compute the remeasurement related to the defined benefit plan.18. Prepare journal entry to record the employee benefit expense.19. Compute for the Fair Value Plan Asset (FVPA) as of December 31.20. Compute for the projected benefit…