Exercise 20-23 Kingbird 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 $98,200 3,200 57,300 62,100 36,800 697,100 751,000 95,300 Dr. 8 % 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.) KINGBIRD CO. Postretirement Benefit Worksheet-2017 General Journal Entries Memo Record Annual Postretirement OCI-Prior Postretirement Asset/ Items Expense Cash Service Cost Liability APBO Plan Assets Balance, Jan. 1, 2017 + + + un $ Service cost + + + Interest cost 4 4 4 + Actual return + + + + + + + Contributions + + + + Benefits Amortization of PSC Journal entry for 2017 + 4 4 + Accumulated OCI, Dec 31, 2016 Balance, Dec. 31, 2017 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT