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Exercise 20-4 The following facts apply to the pension plan of Carla Inc. for the year 2017 $447,800 447,800 Plan assets, January 1, 2017 Projected

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Exercise 20-4 The following facts apply to the pension plan of Carla Inc. for the year 2017 $447,800 447,800 Plan assets, January 1, 2017 Projected benefit obligation, January 1, 2017 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees 896 42,100 25,500 51,200 30,300 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.) CARLA INC. Pension Worksheet-2017 eneral Journal Entr em Annual Pension Expense Plan Assets Pension Asset/Projected Benefit Liability Obligation Items Balance, January 1, 2017 Service cost Interest cost Cash

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