l Contact INTERMEDIATE ACCOUNTING (A Kieso, Intermediate Accounting, 16e Gradebook ORION Downloadable eTextbook CALCULATOR FULL SCREEN PRENTER VERSION BACK The foilowing facts apply to the pension plan of Monty Inc. for the year 2017 $497,800 497,800 Plan assets, January 1, 2017 Projected benefit obligation, January 1, 2017 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets 8% 37,400 23,000 50,400 35,700 Benefits paid to retirees using the preceding data, compute pension expense for the year 2017. As part of your solution, prepare a pension worksheet that shows the journal entry pension expense for 2017 and the year end balances in the related pension accounts.(Enter all amounts as positive. MONTY INC Pension W General Journal Entries 2017 Memo Record Annual Pension Pension Asset/ Projected Benefit Liability Obligation Balance, January 1, 2017 Service cost 8