Exercise 20-23 Crane Co. provides the following information about its postretirement benefit plan for the year 2017 Service cost Prior service cost amortization 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 Accumulated OCI (PSC) at January 1, 2017 Discount rate 587,700 3,200 60,500 62,100 39,000 704,000 763,900 101,900 Dr 9 96 Prepare a worksheet inserting January 1, 2017, balances, showing December 31, 2017, balances, and the journal entry recording postretirement benefit expense. (Enter all amounts as positive.) CRANE CO. t Benefit Worksheet-2017 neral Journal Entri emo Recor Annual Postretirement Expense OCI-Prior Service Cost Postretirement Asset/ Liability Items Balance, Jan. 1, 2017 Service cost Interest cost Actual return Contributions Benefits Amortization of PSC Joumal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 Cash APBO Plan Assets