Exercise 20-3 Sage 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 $91,800 103,500 9,400 63,200 39,700 647,900 712,300 147,400 Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Interest/discount (settlement) rate 10% Prepare a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as positive.) SAGE COMPANY Pension Worksheet-2017. Memo Record Annual Pension Expense Pension Asset Projected Benefit oCI Prior Service Cost Plan Assets Items Cash Liability Obligation Balance, January 1, 2017 Service cost Interest cost Actual return Amortization of PSC Contributions Benelits entry for 2037 Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec- 31, 2017 Prepare the journal entry recording pension expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is regui and enter 0 for the amounts.) Account Titles and Explanation Debit