Jack Inc. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets 5,516,000 Projected benefit obligation 5,200,000 Prior service cost (OCI) 2,540,000 Accumulated OCI - Gain 736,000 As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost for 2017 653,000 Settlement rate 9% Expected rate of return 10% Plan assets on Dec. 31, 2017 6,320,000 Average service life of all covered employees in years 20 PBO on Dec. 31, 2017, based on actuarial predictions 6,135,000 Contributions in 2017 912,000 Benefits paid retirees in 2017 805,000 INSTRUCTIONS: (a) Using the data above, compute pension expense for the year 2017 by preparing a pension worksheet. (b) Prepare the journal entry for pension expense for 2017. (c) Compute the amount of net gains or losses to be amortized for 2017 and 2018.