(c) Indicate the pension amounts reported in the financial statements. P20-12 (L01,2,3,4,5) (Pension Worksheet) Larson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2018, the following balances related to this plan. Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost OCI-Loss $270,000 340,000 70,000 Cr. 90,000 39,000 1174 Chapter 20 Accounting for Pensions and Postretirement Benefits As a result of the operation of the plan during 2018, the actuary provided the following additional data for 2018. Service cost $45,000 Actual return on plan assets 27,000 Amortization of prior service cost 12.000 Contributions 65,000 Benefits paid retirees 41,000 Settlement rate 7% Expected return on plan assets Average remaining service life of active employees 10 years Instructions (a) Compute pension expense for Larson Corp. for the year 2018 by preparing a pension worksheet that shows the journal entry for pension expense. (b) Indicate the pension amounts reported in the financial statements. ARALIDINRK (Pastretirement Benefit Worksheet) Hollenbeck Foods Inc, sponsors a postretirement med