Defind Benefit Obligation, beginning 3,590,000

Fair Value of Plan Assets, beginning 4,650,000

Asset Ceiling, beginning 590,000
Effect on asset ceiling, ending 285,025
Current Service Cost 684,300
Past Service Cost 218,400
Liability extinguished in settlement 516,200
Increase in DBO due to change in assumption 154,700
Interest Cost on the effect on asset ceiling 34,075
Gain on Settlement 28,500
Gross income generated from plan assets 332,800
Cost of managing the fund paid to trustee 19,300
Payment to retired employees 336,900
Actual Contributions to plan Assets 580,000

Discount Rate
Fair Value of Plan Assets, beginning 4,650,000
Defind Benefit Obligation, beginning 3,590,000
Prepaid Benefit Cost - surplus 1,060,000
Asset Ceiling, beginning 590,000
Effect of Asset Ceiling, Jan. 1 470,000
Discount Rate (7.25% - SQUEEZED) 0.0725
Interest Cost on the effect on asset ceiling 34,075

Defind Benefit Obligation, beginning 3,590,000

Discount Rate (7.25% - SQUEEZED) 0.0725
Interest Cost on DBO 260,275

Fair Value of Plan Assets, beginning 4,650,000

Discount Rate (7.25% - SQUEEZED) 0.0725
Interest Income on FVPA 337,125

Settlement Price 487,700

Liability extinguished in settlement 516,200
Gain on Settlement 28,500

Gross income generated from plan assets 332,800

Interest Income on FVPA 337,125
Cost of managing the fund paid to trustee (19,300)
Net Actual Return on Plan Assets 650,625

Current Service Cost 684,300

Past Service Cost 218,400
Interest Cost on DBO 260,275
Interest Income on FVPA (337,125)
Interest Cost on the effect on asset ceiling 34,075
(Gain) on Settlement Plan (28,500)
Postemployment Expense 831,425

Increase in DBO due to change in assumption 154,700

Actuarial Gain on Plan Assets 313,500
Net Remeasurement Gain on Plan Assets (158,800)
Note:
Net Actual Return on Plan Assets 650,625
Interest Income 337,125
Remeasurement Gain/Actuarial Gain on Plan Assets 313,500

Effect of Asset Ceiling - December 31 285,025

Effect of Asset Ceiling - January 1 470,000
Total Change in the Effect of Asset Ceiling 184,975
Interest Expense on Effect of Asset Ceiling on Jan. 1 (470,000 @ 7.25%) 34,075
Remeasurement Gain on Asset Ceiling (219,050)

Fair Value of Plan Assets, beginning 4,650,000

Defind Benefit Obligation, beginning 3,590,000
Prepaid Benefit Cost - surplus 1,060,000
Asset Ceiling, beginning 590,000
Effect of Asset Ceiling, Jan. 1 470,000

Prepaid Benefit Cost

Beginning Balance, Asset Ceiling (590,000)
Retirement Expense 831,425
Contribution to the Plan (580,000)
Net Remeasurement Loss - OCI (377,850)
Prepaid Benefit Cost, Ending Balance (716,425)

Reconciliation
Fair Value of Plan Assets, beginning asset ceiling 590,000
Debit Adustment - Prepaid Benefit Cost during the year 126,425
Prepaid Benefit Cost - December 31 716,425
Note:
Remeasurement Gain on Plan Assets 313,500
Increase in DBO due to change in assumption (154,700)
Remeasurement Gain on Asset Ceiling 219,050
Net Remeasurement Gain - OCI 377,850

Employee Benefit Cost 831,425

Net Remeasurement Gain - OCI (377,850)
Defined Benefit Cost 453,575
Actual Contributions to plan Assets 580,000
Prepaid Benefit Cost during the year 126,425
Note:
DBO
Defind Benefit Obligation, beginning 3,590,000
Current Service Cost 684,300
Past Service Cost 218,400
Interest Cost on DBO 260,275
Payment to retired employees (336,900)
Increase in DBO due to change in assumption 154,700
Liability extinguished in settlement (516,200)
Defind Benefit Obligation, ending 4,054,575
FVPA
Fair Value of Plan Assets, beginning 4,650,000
Actual Contributions to plan Assets 580,000
Payment to retired employees (336,900)
Interest Income on FVPA 337,125
Actuarial Gain on Plan Assets 313,500
Settlemet Price (487,700)
Fair Value of Plan Assets, ending 5,056,025

Fair Value of Plan Assets, ending 5,056,025

Defind Benefit Obligation, ending 4,054,575
Prepaid Benefit Cost - Surplus 1,001,450
Asset Ceiling - December 31 716,425
Effect on asset ceiling, ending 285,025
Defind Benefit Obligation, beginning 3,590,000
Fair Value of Plan Assets, beginning 4,650,000
Asset Ceiling, beginning 590,000
Effect on asset ceiling, ending 285,025
Current Service Cost 684,300
Past Service Cost 218,400
Liability extinguished in settlement 516,200
Increase in DBO due to change in assumption 154,700
Interest Cost on the effect on asset ceiling 34,075
Gain on Settlement 28,500
Gross income generated from plan assets 332,800
Cost of managing the fund paid to trustee 19,300
Payment to retired employees 336,900
Actual Contributions to plan Assets 580,000

Discount Rate
Fair Value of Plan Assets, beginning 4,650,000
Defind Benefit Obligation, beginning 3,590,000
Prepaid Benefit Cost - surplus 1,060,000
Asset Ceiling, beginning 590,000
Effect of Asset Ceiling, Jan. 1 470,000
Discount Rate (7.25% - SQUEEZED) 0.0725
Interest Cost on the effect on asset ceiling 34,075

Defind Benefit Obligation, beginning 3,590,000

Discount Rate (7.25% - SQUEEZED) 0.0725
Interest Cost on DBO 260,275

Fair Value of Plan Assets, beginning 4,650,000

Discount Rate (7.25% - SQUEEZED) 0.0725
Interest Income on FVPA 337,125

Settlement Price 487,700

Liability extinguished in settlement 516,200
Gain on Settlement 28,500

Gross income generated from plan assets 332,800

Interest Income on FVPA 337,125
Interest Cost on DBO
Cost of managing the fund paid to trustee (19,300)
Net Actual Return on Plan Assets 650,625

Current Service Cost 684,300

Past Service Cost 218,400
Interest Cost on DBO 260,275
Interest Income on FVPA (337,125)
Interest Cost on the effect on asset ceiling 34,075
(Gain) on Settlement Plan (28,500)
Postemployment Expense 831,425

Increase in DBO due to change in assumption 154,700

Actuarial Gain on Plan Assets 313,500
Net Remeasurement Gain on Plan Assets (158,800)
Note:
Net Actual Return on Plan Assets 650,625
Interest Income 337,125
Remeasurement Gain/Actuarial Gain on Plan Assets 313,500

Fair Value of Plan Assets, beginning 4,650,000

Defind Benefit Obligation, beginning 3,590,000
Prepaid Benefit Cost - surplus 1,060,000
Asset Ceiling, beginning 590,000
Effect of Asset Ceiling, Jan. 1 470,000

Prepaid Benefit Cost

Fair Value of Plan Assets, beginning asset ceiling 590,000
Debit Adustment - Prepaid Benefit Cost during the year 126,425
Prepaid Benefit Cost - December 31 716,425
Note:
Remeasurement Gain on Plan Assets 313,500
Increase in DBO due to change in assumption (154,700)
Remeasurement Gain on Asset Ceiling 219,050
Net Remeasurement Gain - OCI 377,850

Employee Benefit Cost 831,425

Net Remeasurement Gain - OCI (377,850)
Defined Benefit Cost 453,575
Actual Contributions to plan Assets 580,000
Prepaid Benefit Cost during the year 126,425

Effect of Asset Ceiling - December 31 285,025

Effect of Asset Ceiling - January 1 470,000
Total Change in the Effect of Asset Ceiling 184,975
Interest Expense on Effect of Asset Ceiling on Jan. 1 (470,000 @ 7.25%) 34,075
Remeasurement Gain on Asset Ceiling 219,050
Note:
DBO
Defind Benefit Obligation, beginning 3,590,000
Current Service Cost 684,300
Past Service Cost 218,400
Interest Cost on DBO 260,275
Payment to retired employees (336,900)
Increase in DBO due to change in assumption 154,700
Liability extinguished in settlement (516,200)
Defind Benefit Obligation, ending 4,054,575

FVPA
Fair Value of Plan Assets, beginning 4,650,000
Actual Contributions to plan Assets 580,000
Payment to retired employees (336,900)
Interest Income on FVPA 337,125
Actuarial Gain on Plan Assets 313,500
Settlemet Price (487,700)
Fair Value of Plan Assets, ending 5,056,025

Fair Value of Plan Assets, ending 5,056,025

Defind Benefit Obligation, ending 4,054,575
Prepaid Benefit Cost - Surplus 1,001,450
Asset Ceiling - December 31 716,425
Effect on asset ceiling, ending 285,025