Jackson Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2013, with the following beginning balances: plan assets $212,600; projected benefit obligation $261,000. Other data relating to 3 years operation of the plan are as follows.

2013 2014 2015

Annual service cost $16,200 $26,100 $32,000

Settlement rate and expected rate of return 10 % 10 % 10 %

Actual return on plan assets 15,600 22,810 21,400

Annual funding (contributions) 16,200 48,300 56,000

Benefits paid 16,300 19,500 24,200

Prior service cost (plan amended, 1/1/14) 174,100

Amortization of prior service cost 63,800 47,100

Change in actuarial assumptions establishes a December 31, 2015,

projected benefit obligation of: 517,000

(a) Prepare a pension worksheet presenting all 3 years pension balances and activities.

Pension Worksheet