Co. sponsors a defined benefit pension plan for its employees. The following a=data relate to the operation of the plan for the 2014 and 2015 year.

	2014			2015
Projected benefit obligation, January 1		$600,000
Plan assets (fair value and market-related value), January 1		410,000
Pension asset/liability, January 1		190,000	Cr.
Prior service cost, January 1		160,000
Service cost		40,000		$59,000
Settlement rate		10	%	10	%
Expected rate of return		10	%	10	%
Actual return on plan assets		36,000		61,000
Amortization of prior service cost		70,000		50,000
Annual contributions		97,000		81,000
Benefits paid retirees		31,500		54,000
Increase in projected benefit obligation due to changes in actuarial assumptions		87,000		0
Accumulated benefit obligation at December 31		721,800		789,000
Average service life of all employees				20 years
Vested benefit obligation at December 31				464,000
a) Prepare a pension worksheet presenting both years 2014 and 2015 and accompanying computations and amortization of the loss (2015 ) using the corridor approach b) prepare the jouranal entried (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year c) for 2015, indicate the pension amount reported in the financial statements