Exercise 20-20 Sweet Co. provides the following information about its postretirement benefit plan for the year 2017, Service cost Contribution to the plan Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Accumulated postretirement benefit obligation at January 1, 2017 Discount rate $46,900 10,500 11,800 21,100 120,800 317,900 10% Prepare a worksheet inserting January 1, 2017, balances, and showing December 31, 2017, balances (Enter all amounts as positive) Sweet Co. Pension Worksheet-2017 General Journal Entries Annual Postretirement Postretirement Asset/ Expense Cash Liability Memo Record APBO plan Assets Balance, Jan. 1. 2017 $ V > > Actual return Contributions V > Benefits Total entry for 2017 Balance, Dec 31, 2017 Prepare the journal entry recording postretirement benefit expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required. select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit