The following defined-benefit pension data of Doreen Corp. apply to the year 2008.

Projected benefit obligation, January 1, 2008 (before amendment)..............$560,000

Plan assets, January 1, 2008...............................................................................................546,200

Pension liability.........................................................................................................................13,800

On January 1, 2008, Doreen Corp., through plan amendment,                                  

grants prior service benefits having a present value of.........................................100,000

Settlement rate.................................................................................................................................9%

Annual pension service cost.................................................................................................58,000

Contributions (funding)..........................................................................................................55,000

Actual return on plan assets.................................................................................................52,280

Benefits paid to retirees..........................................................................................................40,000

Prior service cost amortization for 2008..........................................................................17,000

Instructions

For 2008, prepare a pension worksheet for Doreen Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.