Bonita Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $ 202,100; projected benefit obligation $ 247,000. Other data relating to 3 years' operation of the plan are as follows. 2019 2020 2021 Annual service cost $ 16,100 $ 19,400 $ 26,400 Settlement rate and expected rate of return 10 % 10 % 10 % Actual return on plan assets 17.900 22,180 24,200 16,100 40,800 48,500 Annual funding (contributions) Benefits paid 14,300 16,300 20,700 161,900 Prior service cost (plan amended, 1/1/20) Amortization of prior service cost 53,900 42,300 Change in actuarial assumptions establishes a December 31, 2021, projected benefit obligation of: 515,300 JACKSON COMPANY Pension Worksheet-2016, 2017, 2018 General Journal Entries OCI-Prior OCI-Gain/ Service Cost Loss Annual Pension Expense Cash Pension Asset/ Liability -57000 Cr.. Memo Record Projected Benefit Plan Obligation Assets -277000 Cr. 220000 Dr. - 19000 Cr. Balance, Jan. 1, 2016 Service cost Interest cost 19000 Dr. 27700 Dr. -22000 Cr. . . -27700 Cr.. : . : : 22000 Dr. Actual return Unexpected loss Contributions Dr. : 54400 Dr. -40000 Cr .. -54400 r. 40000 Dr. . : Benefits Cr. Dr. 16400 Dr. -16400 C 79100 DES -40000 Or. -54400 Cr. Dr. 15300 Dr. Cr .: Journal entry for 2016 Accumulated OCI, Dec. 31, 2015 Balance, Dec. 31, 2016 160000 Dr. 2000 Dr. -307300 Cr .. 105600 DE 2000 Or. -41700 Cr. -41700 265600 Dr. . : Additional PSC, 1/1/2017 Balance, Jan. 1, 2017 : : 4 4 Service cost . : 40 Interest cost . ** : Actual return : 4 Amortization of PSC Contributions . . : : Benefits ** 4 Journal entry for 2017 . Accumulated OCI, Dec 31, 2016 . 49 : Balance, Dec. 31, 2017 Service cost . . . . Interest Cost : . . Actual retum . . Unexpected loss . . : Amortization of PSC . . : . Contributions . . Benefits . Liability gain . . Journal entry for 2018 . . Accumulated OCI, Dec. 31, 2017 : . Balance, Dec 31, 2018 S Debit Credit Date Account Titles and Explanation Dec. 31, 2016 Dec. 31, 2017 Dec 31, 2018 Indicate the pension-related amounts reported in the financial statements for 2018. (Enter negative amounts using elther a negative sign preceding the number e.g.-15,200 or parentheses e.g. (15,200).) Jackson Company Partial Income Statement Jackson Company Comprehensive Income Statement SXXXX : : SXXXX Jackson Company Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work Bonita Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $ 202,100; projected benefit obligation $ 247,000. Other data relating to 3 years' operation of the plan are as follows. 2019 2020 2021 Annual service cost $ 16,100 $ 19,400 $ 26,400 Settlement rate and expected rate of return 10 % 10 % 10 % Actual return on plan assets 17.900 22,180 24,200 16,100 40,800 48,500 Annual funding (contributions) Benefits paid 14,300 16,300 20,700 161,900 Prior service cost (plan amended, 1/1/20) Amortization of prior service cost 53,900 42,300 Change in actuarial assumptions establishes a December 31, 2021, projected benefit obligation of: 515,300 JACKSON COMPANY Pension Worksheet-2016, 2017, 2018 General Journal Entries OCI-Prior OCI-Gain/ Service Cost Loss Annual Pension Expense Cash Pension Asset/ Liability -57000 Cr.. Memo Record Projected Benefit Plan Obligation Assets -277000 Cr. 220000 Dr. - 19000 Cr. Balance, Jan. 1, 2016 Service cost Interest cost 19000 Dr. 27700 Dr. -22000 Cr. . . -27700 Cr.. : . : : 22000 Dr. Actual return Unexpected loss Contributions Dr. : 54400 Dr. -40000 Cr .. -54400 r. 40000 Dr. . : Benefits Cr. Dr. 16400 Dr. -16400 C 79100 DES -40000 Or. -54400 Cr. Dr. 15300 Dr. Cr .: Journal entry for 2016 Accumulated OCI, Dec. 31, 2015 Balance, Dec. 31, 2016 160000 Dr. 2000 Dr. -307300 Cr .. 105600 DE 2000 Or. -41700 Cr. -41700 265600 Dr. . : Additional PSC, 1/1/2017 Balance, Jan. 1, 2017 : : 4 4 Service cost . : 40 Interest cost . ** : Actual return : 4 Amortization of PSC Contributions . . : : Benefits ** 4 Journal entry for 2017 . Accumulated OCI, Dec 31, 2016 . 49 : Balance, Dec. 31, 2017 Service cost . . . . Interest Cost : . . Actual retum . . Unexpected loss . . : Amortization of PSC . . : . Contributions . . Benefits . Liability gain . . Journal entry for 2018 . . Accumulated OCI, Dec. 31, 2017 : . Balance, Dec 31, 2018 S Debit Credit Date Account Titles and Explanation Dec. 31, 2016 Dec. 31, 2017 Dec 31, 2018 Indicate the pension-related amounts reported in the financial statements for 2018. (Enter negative amounts using elther a negative sign preceding the number e.g.-15,200 or parentheses e.g. (15,200).) Jackson Company Partial Income Statement Jackson Company Comprehensive Income Statement SXXXX : : SXXXX Jackson Company Partial Balance Sheet Click if you would like to Show Work for this question: Open Show Work