Exercise 20-3 (Part Level Submission) Veldre Company provides the following information about its defined benefit pension plan for the year 2017. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Interest/discount (settlement) rate $90,000 105,000 10,000 64,000 40,000 640,000 700,000 150,000 10% v (a) Your answer is partially correct. Try again. Prepare a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as VELDRE COMPANY Pension Worksheet-2017. General Journal Entries Pe Annual Pension Expense OCI Prior Service Cost Cash Items 150000 General Journal Entries Memo Record Annual Pension Expense oCt Prior Service Cost Pension Asset/ Projected Benefit Obligation Plan Assets Items Cash Liability Balance, January 1, 2017 150000 Cr. 188000.s Cr 90000 Dr. 70000 Dr 64000 Cr 10000 Service cost 90000Cr 700 Interest cost Actual return 64000 Dr. Dr. 10000 r. Amortization of PSC 105000 Ce Cr. 0000 Dr 40000 Benefits 105006 40000 Cr. Cr. : ournal entry for 2017 Accumulated OCI, Dec. 31, 2016 140000Dr 970000cr 64100 Cr. : Balance, Dec. 31, 2017 Click if you would like to Show Work for this question: Open Show Work