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Coronado Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan. Plan assets (market-related

Coronado Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan.

Plan assets (market-related value) $536,000
Projected benefit obligation 652,000
Pension asset/liability
116,000 cr.
Prior service cost 86,000
Net gain or loss (debit) 99,000

As a result of the operation of the plan during 2017, the actuary provided the following additional data for 2017.

Service cost for 2017 $124,000
Actual return on plan assets in 2017 49,000
Amortization of prior service cost 26,000
Contributions in 2017 144,000
Benefits paid retirees in 2017 88,000
Average remaining service life of active employees 10 years
Settlement rate, 9%; expected return rate, 10%

Using the preceding data, compute pension expense for Coronado Corp. for the year 2017 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.)?

Use the market-related asset value to compute the expected return and for corridor amortization

Expected Return

??
Corridor Amortization ??

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