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I am stuck please help. See attached problem. Having problem with Comprehensive Income statement and Partial Balance sheet. Riverbed Company received the following selected information

I am stuck please help. See attached problem. Having problem with Comprehensive Income statement and Partial Balance sheet.

image text in transcribed Riverbed Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2017. January 1, 2017 Projected benefit obligation Market-related and fair value of plan assets Accumulated benefit obligation Accumulated OCI (G/L)Net gain December 31, 2017 $1,498,000 784,000 1,572,000 0 $1,526,000 1,116,400 1,691,700 (199,800 ) The service cost component of pension expense for employee services rendered in the current year amounted to $78,000 and the amortization of prior service cost was $119,700. The company's actual funding (contributions) of the plan in 2017 amounted to $254,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,197,000 on January 1, 2017. Assume no benefits paid in 2017. Don't show me this message again for the assignment Determine the amounts of the components of pension expense that should be recognized by the company in 2017. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense $ Service Cost 78000 Interest on Projected Benefit Obligation 149800 Expected Return on Plan Assets 78400 Amortization of Prior Service Cost 119700 269100 Don't show me this message again for the assignment Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Pension Expen Debit 269100 Credit Pension Asse 304400 Cash 254000 Other Compre 119700 Other Compre 199800 (To record pension expense and employer's contribution) Don't show me this message again for the assignment Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Riverbed Company for the year 2017. Riverbed Company Income Statement (Partial) December 31, 2017 Expenses $ Pension Expense 269100 Riverbed Company Comprehensive Income Statement $XXXX $ $XXXX Riverbed Company Balance Sheet (Partial) $ $ Don't show me this message again for the assignment

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