On January 1, 2012, Harrington Company has the following defined benefit pension plan balances.
	Projected benefits obligation			$5,600,000
	Fair value of plan assets			6,400,000
The interest (settlement) rate applicable to the plan is				9%	On January 1, 2013, the company amends its pension
agreement so that service costs of			$620,000	are created. Other data related to the pension plan are as follows:
					2012	2013
	Service costs				$180,000	$195,000
	Prior service costs amortization				0	97,000
	Contributions (funding) to the plan				255,000	305,000
	Benefits paid				225,000	300,000
	Actual return on plan assets				320,000	515,000
	Expected rate of return on assets				5%	8%
Instructions:
(a) Prepare a pension worksheet for the pension plan for 2012 and 2013.
HARRINGTON COMPANY
Pension Worksheet2012 and 2013
		General Journal Entries					Memo Record
Items		Annual Pension Expense	Cash	OCI - Prior Service Cost	OCI - Gain/Loss	Pension Asset/ Liability	Projected Benefit Obligation	Plan Assets
Balance, Jan. 1, 2012
(a) Service cost
(b) Interest cost
(c) Actual return
(d) Contributions
(e) Benefits
Journal entry, 12/31/12
Accum OCI, 12/31/11
Balance, Dec. 31, 2012
(f) Additional PSC
January 1, 2013
(g) Service cost
(h) Interest cost
(i) Actual return
(j) Unexpected loss
(k) Amortization of PSC
(l) Contributions
(m) Benefits
Journal entry, 12/31/13
Accum OCI, 12/31/12
Balance, Dec. 31, 2013
Area for calculations as desired
(b) For 2013, prepare the journal entry to record pension-related amounts.