Pension Expense and Liability:
On December 31, 2013, Robey Company accumulated the following information for 2013 in regard to its defined benefit pension plan:
Service cost $102,000 Interest cost on projected benefit obligation 17,000
Expected return on plan assets 17,000
Amortization of prior service cost 1,000
On its December 31, 2012, balance sheet, Robey had reported an accrued/prepaid pension cost liability of $19,000.
Please answer....Assuming Robey's beginning 2013 Other Comprehensive Income-Prior Service Cost balance was $62000 what would be its ending balance? _______
How much would Robey need to fund its pension plan for 2013 in order to report an accrued/prepaid pension cost asset of $6,000 at the end of 2013? ________