Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH 3% 3% 4% $ 120,000 $ 40,000 Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ 3,500 (45,000) Projected benefit obligation at the end of 2017 $ 250,000 Plan assets at the beginning of the year Actual return on plan assets Cash contributions to the pension plan in 2017 Less: Benefits paid to retirees during the year 44,000 Plan assets at the end of 2017 Additional information reported from the actuary and plan trustee: $ $ Prior Service Costs incurred beginning of 2016 Beginning of year balance in AOCI for Net Loss Average remaining service years of employees Beginning of year balance in AOCI for PSC Amortization of PSC Amortization of net loss Expected return on plan assets 40,000 43,750 4 years 30,000 $ Record the above transactions and events in a worksheet: PROJECTED BENEFIT OBLIGATION RECORDED IN THE ACCOUNTS Prior Service NET Cost- LOSSI[GAIN) AOCI -AOCI REPORTED ONLY PENSION ASSET LIABILITY ANNUAL PENSION EXPENSE PLAN ASSET CASH ITEM