On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.

Projected benefit obligation .. $4,500,000

Fair value of plan assets .... 4,200,000

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2015, the company amends its pension agreement so that prior service costs of $500,000 are created. Other data related to the pension plan are as follows.

Instructions
(a) Prepare a pension worksheet for the pension plan for 2014 and 2015.
(b) For 2015, prepare the journal entry to record pension-relatedamounts.

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2014 $150,000 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets 2015 $180,000 90,000 285,000 280,000 260,000 240,000 200,000 252,000 6% 8%