At the end of both tables, please use the market- relate value to compute the expected return and for corridor amortization.

Question 1 Sandhill Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost Net gain or loss (debit) 480,000 650,000 170,000 Cr. 80,000 85,000 As a result of the operation of the plan during 2017, the actuary provided the following additional data for 2017 Service cost for 2017 Settlement rate, 9%; expected return rate, 10% Actual return on plan assets in 2017 Amortization of prior service cost Contributions in 2017 Benefits paid retirees in 2017 Average remaining service life of active employees $99,000 42,000 25,000 124,000 82,000 10 years using the preceding data, compute pension expense for Sandhill Corp. for the year 2017 by preparing a penslon worksheet that shows the journal entry for amounts as positive.)