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penaion planplease help me with those 1. (11) Gregory, Inc....

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Accounting

penaion plan
please help me with those
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1. (11) Gregory, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2019: January 1, 2019 Dec 31, 2019 Projected benefit obligation $2,500,000 $3,700,000 Market-related value of plan assets 2,400,000 Accumulated OCI-(Prior Service Cost) 300,000 420,000 3,000,000 The service cost component for 2019 is $140.000 and the amortization of prior service COST IS $120,000. The company's actual funding of the plan in 2019 amounted to 5510,000. The expected return on plan assets and the settlement rate were both 8%. Instructions Determine the pension expense to be reported in 2019 and show the components 2. (12) Windom Co. as lessee records a capital lease of machinery on January 1, 2019. The eight annual lease payments of $200.000 are made at the end of each year. The present value of the lease payments at 10% is $1,150,000. Windom uses the effective- interest method of amortization and straight-line depreciation (no residual value). Instructions (Round to the nearest dollar.) Prepare all of Windom 's journal entries for 2019

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