a. Prepare a pension worksheet presenting all 3 years pension balances and activities.

b. Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.

c. Indicate the pension-related amounts reported in the financial statements for 2018.

Problem 20-2 Meclock Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $197 300; projected benefit obligation data relating to 3 years' operation of the plan are as follows. 245,000 Other 2016 2017 2018 Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/17) Amortization of prior service cost Change in actuarial assumptions establishes 515,900 $18,900 $26,300 10% 10% 10% 18,100 15,900 13,700 21,760 39,800 16,300 160,400 55,000 24,000 47,100 21,300 42,300 a December 31, 2018, projected benefit obligation of: 525,600 Problem 20-2 Meclock Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $197 300; projected benefit obligation data relating to 3 years' operation of the plan are as follows. 245,000 Other 2016 2017 2018 Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/17) Amortization of prior service cost Change in actuarial assumptions establishes 515,900 $18,900 $26,300 10% 10% 10% 18,100 15,900 13,700 21,760 39,800 16,300 160,400 55,000 24,000 47,100 21,300 42,300 a December 31, 2018, projected benefit obligation of: 525,600