For 2017, prepare a pension worksheet for Sunland Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.

Projected benefit obligation,1/1/17 (before)		$574,000
Plan assets, 1/1/17		559,900
Pension liability		14,100
On January 1, 2017, Sunland Corp., through plan grants prior service benefits having a present value of		110,000
Settlement rate		9%
Service cost		54,000
Contributions (funding)		62,000
Actual (expected) return on plan assets		47,500
Benefits paid to retirees		39,000
Prior service cost amortization for 2017		19,800

SUNLAND CORP. Pension Worksheet-2017 General Journal Entries OCI-Prior Service Cost Annual Pension Expense Memo Record Projected Benefit Obligation Pension Asset/ Liability Cash Plan Assets Items 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 JULGRANO Accumulated OCI, Dec. 31, 2016 Balance, Dec 31, 2017