Brief Exercise 20-3 At January 1, 2017, Flounder Company had plan assets of $296 500 and ? projected benefit obligation of the same amount. During 2017, service cost was $28,400, the settlement rate was 10%, actual and expected return on pla assets were $24,200, contributions were $19,900, and benefits paid were $17,500. Prepare a pension worksheet for Flounder Company for 2017 FLOUNDER COMPANY Pension Expense Pension Asset/Liability Benefit Obligation Plan Assets Items Cash Service cost Interest cost Actual return Benefits ounal ent an Balance, 12/31/17