Kramer Co. has prepared the following pension worksheet (amounts in $).

QUESTION:

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Kramer Co. has prepared the following pension worksheet (amounts in $). Unfortunately, several entries in the worksheet are not decipherable. The company has asked for your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2019.

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Instructions:

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a. Determine the missing amounts in the 2019 pension worksheet, indicating whether the amounts are debits or credits.

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b. Prepare the journal entry to record 2019 pension expense for Kramer Co.

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c. Determine for Kramer for 2019 the discount rate used to determine interest expense/revenue?

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