Hello, I'm studying Intermiadiate Acc II, I need help with to calculate the effect of the PBO pension debt of a company with the following information:

A company has a defined pension plan. As of December 31, 2019, the company's Estimated Benefit Obligation (PBO) amounted to $ 1,100,000. The cost of services for 2020 was $ 100,000. During 2020, no payments were made to retirees, the first payments are expected to be made in 2023 when the first beneficiary of the plan retires. Plan assets reflected a net increase of $ 113,000 that resulted in an ending balance of $ 1,000,000.

The assumptions used for 2020 by the company and the actuary include the following:

an 8% discount rate. And an expected return of 12%. During 2020 there were not changes in the actuarial estimates or amendments to the pension plan.

pur-new-sol

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