Question

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From the following information given below:

Prepare the Statement of Changes in Plan Net Positon. Read the table carefully, choose the items as per your requirement.

Particulars	Amount	Particulars	Amount
Contributions		deductions
employer	250,000
plan members	250,000	administrative cost	35,000
members of S. organization	350,000	salary for the staff	375,000
executive plan members	450,000	building repair	39,000
investment income		motor vehicle maintenance	40,000
interest Income	50,000	depreciation on equipment	25,000
Net appreciation in fair value of investment	75,000	depreciation on building	55,000
dividends	35,000	overhead expenses	130,000
interest on capital investment	55,000	interest paid	75,000
interest received on dividend	45,000	Net Position held in the trust for pension benefits beginning of the year	3,475,000
		Net Position held in the trust for pension benefits end of the year	????? Calculate
		investment expenses	25,000
		benefits given	245,00

Write the solutions on this table please

Particulars	Amount	Particulars	Amount

Answer 1

Statement of Changes in Plan Net Positon
Particulars
Net Position held in the trust for pension benefits beginning of the year			3,475,000
Add:
Contributions
employer	250,000
plan members	250,000
members of S. organization	350,000
executive plan members	450,000		1,300,000
Less:
Benefits given			-245,000
Add:
investment income
interest Income	50,000
Net appreciation in fair value of investment	75,000
dividends	35,000
interest on capital investment	55,000
interest received on dividend	45,000
Less:		260,000
administrative cost	35000
salary for the staff	375000
building repair	39000
motor vehicle maintenance	40000
depreciation on equipment	25000
depreciation on building	55000
overhead expenses	130000
interest paid	75000
investment expenses	25,000	-799000
Excess of expense over Income			-539,000
Net Position held in the trust for pension benefits end of the year			3,991,000