Kamphor Co. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021: January 1, 2021 December 31, 2021 Projected benefit obligation $2,500,000 $2,755,000 Fair value of plan assets 1,250,000 1,750,000 Accumulated OCI – (PSC) 540,000 300,000 Service cost component for 2021 is $180,000 and amortization of prior service cost is $240,000. The company's actual funding of the plan in 2021 amounted to $525,000. The expected return on plan assets and the settlement rate were both 8%. What other piece of information would be required to complete a pension worksheet for Kamphor Co.? Select one: the cost of capital the increase or decrease in Pension Asset/ Liability the remaining service lives of employees the cash payments to beneficiaries

When preparing the Pension Worksheet, in addition to the entries listed such as the Service cost and the return on plan assets, another very important entry would be the Cash payments to the beneficiaries which is also known as Retiree benefits.

The cost of capital, the increase or decrease in Pension Asset/ Liability and the remaining service lives of employees are not included in the Worksheet but contribute to the figures on the worksheet.