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Monty Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $201,800; projected benefit

Monty Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $201,800; projected benefit obligation $254,000. Other data relating to 3 years operation of the plan are as follows.

2016

2017

2018

Annual service cost $16,100 $18,900 $26,500
Settlement rate and expected rate of return 10 % 10 % 10 %
Actual return on plan assets 17,900 22,150 24,400
Annual funding (contributions) 16,100 39,900 48,600
Benefits paid 14,300 16,000 21,000
Prior service cost (plan amended, 1/1/17) 159,700
Amortization of prior service cost 54,800 41,700
Change in actuarial assumptions establishes a December 31, 2018, projected benefit obligation of: 528,300

(a)

Prepare a pension worksheet presenting all 3 years pension balances and activities. (Enter all amounts as positive.)

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