Exercise 20-3 Veldre Company provides the following information about its defined benefit pension plan for the year 2014. Service cost $97,200 Contribution to the plan 110,500 Prior service cost amortization 15,000 Actual and expected return on plan assets 72,400 Benefits paid 44,900 Plan assets at January 1, 2014 646,900 Projected benefit obligation at January 1, 2014 704,600 Accumulated OCI (PSC) at January 1, 2014 156,500 Interest/discount (settlement) rate 9 % Prepare a pension worksheet inserting January 1, 2014, balances, showing December 31, 2014. VELDRE COMPANY Pension Worksheet2014 General Journal Entries Memo Record Items Annual Pension Expense Cash OCI Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation Plan Assets Balance, January 1, 2014 $ $ $ $ $ $ Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2014 $ $ Accumulated OCI, Dec. 31, 2013 Balance, Dec. 31, 2014 $ $ $ $