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13:26 @ : ACCT-311_Test #3...ng 2020 Students - Read-only Sign in to edit and save changes to this file. Problem #2: Pension Accounting Valdivia Company provides the following information about its defined benefit pension plan for 2012 Service cost $ 78,000 Contribution to the plan 98,000 Prior service cost amortization 16,000 Actual and expected return on plan assets 84,000 Benefits paid 60,000 Plan assets at January 1, 2012 750,000 Projected benefit obligation at January 1, 2012 900,000 Accumulated OCI (PSC) at December 31, 2011 180,000 Interest/discount settlement) rate 10% a) Prepare a pension worksheet and answer the following questions: Pension Worksheet I Meme Record Pension Expense Items Balansew 01/01/2012 Cash psc 0 Pension Projected Benefit Asset Liability II Obligation Plan Assets (150.000 (900,000 750.000 Service Cost Interest Cost Asset Return Amort, Orpsc Contributions Benefits Paid Liability Cain Journal Entry AOCI. 121 Des list. 2012 b) Complete the journal entry for 2012: Journal Entry: DR CR Pension Expense Pension Asset Liability Other Comprehensive Income PSC Cash