Widjaja Inc. has sponsored a noncontributory defined benefit pension plan for its employees since 1998. Prior to 2021, cumulative net pension expense recognized equaled cumulative contributions to the plan. On 1/1/21 an amendment was made to the pension to reward work from a previous period. Other relevant information in parts a & b about the pension plan on January 1, 2021 is as follows: a. The company has 200 employees. All these employees are expected to receive benefits under the plan. The average remaining service life per employee is 13 years. b. The PBO amounted to $5,000,000 and the fair value of pension plan assets was $3,000,000. c. On December 31, 2021, an actuary determined the PBO and ABO to be $4,750,000 and $4,025,000 respectively. d. The fair value of the pension plan assets amounted to $3,900,000 at the end of the year. e. A 10% settlement rate and a 10% expected asset return rate were used in the actuarial present value computations in the pension plan. f. The present value of benefits attributed by the pension benefit formula to employee service in 2021 amounted to $200,000. g. The employer's contribution to the plan assets amounted to $575,000 in 2021. h. This problem assumes no payment of pension benefits to retirees. Question: The Service Cost for 2021 is:

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

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