Question - The following pension-related data pertain to Metro Recreation's noncontributory, defined benefit pension plan for 2006:

Projected benefit obligation Accumulated benefits obligation Plan assets (fair value) Interest (discount) rate, 7% Expected return on plan assets, 10% Unrecognized prior service cost (from Dec. 31, 2005, amendment) Unrecognized net loss Average remaining service life: 12 years Gain due to changes in actuarial assumptions Contributions to pension fund (end of year) Pension benefits paid (end of year)

Jan. 1

$4,100 3,715 4,530

840 477

($ in 000s)

Dec. 31

$4,380 3,950 4,975

44 340 295

Required: Prepare a pension spreadsheet that shows the relationships among the various pension balances, shows the changes in those balances, and computes pension expense for 2006.