On January 1, 2017, Flint Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,420,000 4,210,000 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 $506,000 are created. Other data related to the pension plan are as follows. 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets $151,000 0 239,000 198,000 252,600 6 % 2018 $176,000 92,000 289,000 275,000 257,000 8 % Prepare a pension worksheet for the pension plan for 2017 and 2018. (Enter all amounts as positive.) FLINT COMPANY Pension Worksheet-2017 and 2018 General Journal Entries OCI-Prior OCI-Gain/ Service Cost Loss Annual Pension Expense Memo Record Projected Benefit Obligation Pension Asset/ Liability Plan Assets Items Cash Balance, Jan. 1, 2017 . + 4210000 > 4420000 $ $ $ $ $ $ $ 4 Service cost 151000 151000 > . Interest cost 442000 . . . + 442000 . Actual return 252600 + . 252600 4 Contributions 239000 . + 239000 4 Benefits 198000 198000 + 4 4 Journal entry for 2017 239000 -> $ $ 4 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 Balance, Dec. 31, 2017 + + Additional PSC, 1/1/2018 + 506000 + + + Balance, Jan. 1, 2018 + + Service cost 176000) + + + Interest cost + + + Actual return 2570001 + + + + .........0000 + + Unexpected loss + + COCOOOOO' + + + Amortization of PSC + + + + Contributions + + + + Benefits + + + + Journal entry for 2018 + + + + + 5 Accumulated OCI, Dec. 31, 2017 + + + 4 Balance, Dec. 31, 2018 $ For 2018, prepare the journal entry to record pension-related amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit