Exercise 20-7 The following defined pension data of Shamrock Corp. apply to the year 2017 Projected benefit obligation, 1/1/17 (before amendment) Plan assets, 1/1/17 Pension liability On January 1, 2017, Shamrock Corp., through plan amendment, $582,000 566,900 15,100 grants prior service benefits having a present value of Settlement rate Service cost Contributions (funding) Actual (expected) return on plan assets Benefits paid to retirees Prior service cost amortization for 2017 130,000 9 % 59,500 60,400 53,100 40,500 15,400 For 2017, prepare a pension worksheet for Shamrock Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. (Enter all amounts as positive.) SHAMROCK CORP Pension Worksheet-2017 eneral Journal Entrie Memo Re Pension Asset/ Liability OCI-Prior Service Cost Projected Benefit Obligation Plan Assets Annual Pension Expense Items Cash Balance, Dec. 31, 2016 Prior service cost Balance, Jan. 1, 2017 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017