Exercise 20-4 The following facts apply to the pension plan of Coronado Inc. for the year 2017. Plan assets, January 1, 2017 $511,800 Projected benefit obligation, January 1, 2017 511,800 Settlement rate 8 % Service cost 36,500 Contributions (funding) 23,500 Actual and expected return on plan assets 50,300 Benefits paid to retirees 33,400 Using the preceding data, compute pension expense for the year 2017. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2017 and the year-end balances in the related pension accounts. (Enter all amounts as positive.) CORONADO INC. Pension Worksheet-2017 General Journal Entries Memo Record Pension Asset/ Liability Projected Benefit Obligation Annual Pension Plan Cash Items Expense Assets Balance, January 1, 2017 $ $ $ $ Service cost Interest cost Actual return Contributions Benefits Journal entry, December 31 $ $ Balance, December 31, 2017 $ $ Open Show Work Click if you would like to Show Work for this