Marin Co. has the following defined benefit pension plan balances on January 1, 2017.

Projected benefit obligation		$4,642,000
Fair value of plan assets		4,642,000

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $594,000 are created. Other data related to the pension plan are:

		2017			2018
Service cost		$149,000			$171,000
Prior service cost amortization		0			89,000
Contributions (funding) to the plan		199,000			184,000
Benefits paid		219,000			279,000
Actual return on plan assets		252,000			350,000
Expected rate of return on assets		6	%		8	%

(a)

Prepare a pension worksheet for the pension plan in 2017. (Enter all amounts as positive.)

MARIN COMPANY Pension Worksheet2017

General Journal Entries

Memo Record

Items

Annual Pension Expense

Cash

OCIPrior Service Cost

OCI Gain/ Loss

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets

Balance, Jan. 1, 2017

$

$

$

$

$

$

$

Service cost

Interest cost

Actual return

Unexpected loss

Contributions

Benefits

Journal entry for 2017		$

$

Accumulated OCI Dec. 31, 2016

Balance, Dec. 31, 2017								$