(Basic Pension Worksheet) The following defined pension data of Lodell Corp. apply to the year 2014.
	Projected benefit obligation, 1/1/12 (before amendment)					$560,000
	Plan assets, 1/1/14					546,200
	Pension liability					13,800
	On January 1, 2014, Lodell Corp., through plan amendment, grants prior service benefits having a present value of					120,000
	Settlement rate					9%
	Service cost					58,000
	Contributions (funding)					65,000
	Actual (expected) return on plan assets					52,280
	Benefits paid to retirees					40,000
	Prior service cost amortization for 2014					17,000
Instructions: fill in charts and show calculations
For 2014, prepare a pension worksheet for Lodell Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.
RYDELL CORP.
Lodell Worksheet2014
			General Journal Entries				Memo Record
Items			Annual Pension Expense	Cash	OCI - Prior Service Cost	Pension Asset/ Liability	Projected Benefit Obligation	Plan Assets
Balance, January 1, 2013						Formula	Formula	Formula
(a) Prior service cost					Formula		Formula
New balance, January 1, 2014							Formula	Formula
(b) Service cost			Formula				Formula
(c) Interest cost			Formula				Formula
(d) Actual return			Formula					Formula
(e) Amortization of PSC			Formula		Formula
(f) Contributions				Formula				Formula
(g) Benefits							Formula	Formula
Journal entry, December 31			Formula	Formula	Formula	Formula
Accumulated OCI, December 31, 2013					Amount
Balance, December 31, 2014					Formula	Formula	Formula	Formula