Pronghorn Enterprises provides the following information relative to its defined benefit pension plan. Balances or Values at December 31, 2020 Projected benefit obligation   $2,715,800 Accumulated benefit obligation   1,992,600 Fair value of plan assets   2,283,600 Accumulated OCI (PSC)   208,800 Accumulated OCI—Net loss (1/1/20 balance, 0)   45,600 Pension liability   432,200 Other pension plan data for 2020:        Service cost   $94,600    Prior service cost amortization   42,200    Actual return on plan assets   130,900    Expected return on plan assets   176,500    Interest on January 1, 2020, projected benefit obligation   252,200    Contributions to plan   92,800    Benefits paid   139,600 Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,000.   Compute the amount of accumulated other comprehensive income reported at December 31, 2020

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.