On January 1, 2017, Marigold Company has the following defined benefit pension plan balances.

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 $509,000 are created. Other data related to the pension plan are as follows.

Prepare a pension worksheet for the pension plan for 2017 and 2018

Projected benefit obligation Fair value of plan assets $4,569,000 4,160,000 2017 2018 Service cost $150,000 Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets 245,000 199,000 249,600 6 % $182,000 90,000 283,000 277,000 257,000 8 %