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I need help finding the amount for the OCI Gain/Loss and the Pension Asset/Liability for the first year. Prefer work shown on pension worksheet. Question

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I need help finding the amount for the OCI Gain/Loss and the Pension Asset/Liability for the first year. Prefer work shown on pension worksheet.

Question 1 Whispering Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2017 and 2018 2017 $754,920 756,000 2018 $916,920 864,000 Plan assets (fair value), December 31 Projected benefit obligation, January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Actual and expected return on plan 151,200 Cr. assets Amortization of prior service cost Contributions (funding) Accumulated benefit obligation, 270,000 64,800 25,920 10,800 124,200 540,000 259,200 97,200 32,400 12,960 129,600 594,000 December 31 Interest/settlement rate 8% 890 Your answer is correct. Compute pension expense for 2017 and 2018 Pension expense for 2017 Pension expense for 2018 110160 146880

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