Exercise 20-10 (Part Level Submission) Novak Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $469,800 607,000 137,200 97,100 Dr. As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost $91,100 Settlement rate, 8% Actual return on plan assets Amortization of prior service cost Expected return on plan assets 54,400 19,100 51,600 Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions Contributions Benefits paid retirees 79,700 99,500 85,800 NOVAK CORP. Pension Worksheet General Journal Entries OCI-Prior OCI - Gain/ Service Cost Loss Annual Pension Expense Items Memo Record Projected Benefit Obligation Pension Asset/ Liability Cash Plan Assets Balance, Jan. 1, 2017 Service cost Interest cost Actual return Unexpected gain Amortization of PSC Liability increase Contributions Benefits Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, December 31, 2017 Click if Vou would like to Show Work for this uestion: Onen Show Work