On January 1, 2017, East Corporation adopted a defined benefit pension plan. At plan inception, the prior

Question:

On January 1, 2017, East adopted a defined benefit pension plan. At plan inception, the prior service cost was $60,000. In 2017, East incurred service cost of $150,000 and amortized $12,000 of prior service cost. On December 31, 2017, East contributed $160,000 to the pension plan. East assumes a 6% and 5% expected rate of return.
Required:
At December 31, 2017, what amounts should East report as a pension asset (liability) and AOCI on its balance sheet?
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