Exercise 19-8 Crane Limited sponsors a defined benefit pension plan, and follows ASPE. The corporation's actuary provides the following information about the plan (in thousands of dollars) January 1, 2017 December 31, 2017 $1,520 3,092 2,087 10% $1,300 2,320 1,340 10% Vested benefit obligation Defined benefit obligation, accounting basis Plan assets (fair value) Interest/discount rate Net defined benefit liability/asset Past service cost, plan amendment, effective December 30, 2017 Service cost for the year 2017 Contributions (funding) 2017 Benefits paid in 2017 360 300 680 120 Prepare a 2017 pension work sheet. (Enter answers in thousands of dollars.) Crane Limited Pension Work Sheet 2017 (ASPE) General Journal Entries Memo Record Entries Annual Pension Expense Net Defined Benefit Liability/ Asset Defined Benefit Obligation Plan Assets Items Cash Balance, Jan. 1, 2017 (a) Service cost (b) Net interest/finance cost (c) Asset remeasurement gain (d) Past service cost in year (e) Contributions (f) Benefits paid Expense entry- 2017 Contribution entry-2017 Dr. Cr Balance, Dec. 31, 2017 Prepare the journal entries at December 31, 2017 to record pension expense and the funding contributions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation 2017 Debit Credit To record pension expense) 2017 (To record contributions to the pension fund)