IL 20 - 1} WHEN LUITIET BIOZZLESLICE SYSTEMIS adopted IE defined benefit PENSION plan on January LL, COLD), It awarded TELIOACTIVE DENIENIE TO it's Employees . These retroactive benefits resulted in a prior Service cost of $480, ``` that created & projected benefit obligation of the canTIE amount on that date ( which it did not fund] . The company decided to amortize the poor SERVICE Cost LIZINE the Years - Of- SERVICE method . The company's actuar , and funding ageary have provided the following information for 2010 and 201 1 . 201 1 2010 SERVICE Cost $ 187,OOO Plan Assets ( at January 1 9] 342, 000 Funding* 335, 0.40 3:42.000 ANTIOrtization Fraction ( for PSC" 30. 480 The discount rate for both 2010 and 201 1 was $76, and the Expected (and actual; return rate on plan assets during 201 1 was $96. NO RETIREMENT benefits WERE Fail during Either fiscal Year . Instructions :" PIEPETE PENSION Work; Sheets for both 2010 and 201 1, inserting January 1 " balances , and showing DECEITiber 3 1 = balances , and including the journal Entry recording PENSION EXDENISE*