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  3. blossom company sponsors a defined benefit pension

Blossom Company sponsors a defined benefit pension plan for its employees. The following data relate...

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Accounting

Blossom Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for

the year 2025 ?in which no benefits were paid.

The actuarial present value of future benefits earned by employees for services rendered in 2025 ?amounted to $55,800.

The company's funding policy requires a contribution to the pension trustee amounting to $144,681 ?for 2025.

As of January 1, 2025, ?the company had a projected benefit obligation of $900,900, ?an accumulated benefit obligation of

$795,300, ?and a debit balance of $397,300 ?in accumulated OCI (PSC). ?The fair value of pension plan assets amounted to

$599,900 ?at the beginning of the year. The actual and expected return on plan assets was $54,000. ?The settlement rate was

9%. ?No gains or losses occurred in 2025 ?and no benefits were paid.

Amortization of prior service cost was $49,700 ?in 2025. ?Amortization of net gain or loss was not required in 2025.

Indicate the amounts that would be reported on the income statement for the year 2025.

BLOSSOM COMPANY

Income Statement (Partial)

For the Year Ended December 31, 2025

$

Other Income / ?Expenses

$

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