Exercise 20-15 Wildhorse Company provides the following selected information related to its defined benefit pension plan for 2017 $25,600 cr 400,600 Pension asset/liability (January 1) Accumulated benefit obligation (December 31) Actual and expected return on plan assets Contributions (funding) in 2017 Fair value of plan assets (December 31) Settlement rate Projected benefit obligation (January 1) Service cost 10,400 148,800 796,000 10% 698,500 79,600 Compute pension expense. Pension expense for 2017 s Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2017. Preparation of a pension worksheet is not required. Benefits paid in 2017 were $36,100. (Credit account tities are automatically indented when amount is entered. Do not indent manually, Ir no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Debit Credit Account Titles and Explanatiorn Indicate the pension-related amounts that would be reported in the company's income statement and balance sheet for 2017. Wildhorse Company Income Statement (Partial) Wildhorse Company Balance Sheet (Partial)