Refer to the information for Rebek Corporation in E19-3.

In E19-3

Rebek Corporation provides the following information about its defined benefit pension plan for the year 2017:

Instructions
(a) Prepare a pension work sheet: insert the January 1, 2017 balances and show the December 31, 2017 balances.
(b) Prepare all journal entries.
(c) What is the amount of the plan's surplus/deficit at December 31, 2017?

Transcribed Image Text:

Current service cost Contribution to the plan Past service cost, effective December 31, 2017 Actual return on plan assets Benefits paid Net defined benefit liability at January 1, 2017 Plan assets at January 1, 2017 Defined benefit obligation at January 1, 2017 Interest/discount rate on the DBO and plan assets $ 235,000 262,500 50,000 160,000 100,000 400,000 1,600,000 2,000,000 10%