At January 1, 2017, Sheridan Company had plan assets of $279,700 and a projected benefit obligation of the same amount. During 2017, service cost was $28,100, the settlement rate was 10%, actual and expected return on plan assets were $25,200, contributions were S20,800, and benefits paid were S17,100. Prepare a pension worksheet for Sheridan Company for 2017 SHERIDAN COMPANY General Memo Record Projected Pension Expense Pension Asset/Liability Benefit Obligation Plan Assets Items Cash 279,700 2,79,700 Cr. Dr. 28,100 T Dr. 28,100 Cr. Service cost Interest cost 27,97 Dr. 27,970 Cr. 25,200 Cr. 25,200 T Dr. Actual return -20,8 Cr Contributions 20 Dr. Benefits -17,100 Dr 17,100 Cr. 30,870 20,800 10,070 Cr. Journal entry, 12/31/17 $ Dr.$ Cr. Balance, 12/31/17 10,070 Cr. 352,870TE Cr. 3,42,800 Dr