During january 2018, the first month of operations, a consulting firm had following transactions: issued common stock to owners in exchange for $10,000 cash. what is the amount to be reported as total liabilities on the balance sheet at the end of january?

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)