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

Projected benefit obligation		$4,508,000
Fair value of plan assets		4,250,000

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 $493,000 are created. Other data related to the pension plan are as follows.

		2017			2018
Service cost		$148,000			$179,000
Prior service cost amortization		0			89,000
Contributions (funding) to the plan		239,000			291,000
Benefits paid		198,000			281,000
Actual return on plan assets		255,000			259,000
Expected rate of return on assets		6	%		8	%

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

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

Contributions

Benefits

Jounral Entry for 2017

Accumulated OCI Dec. 31, 2016

Balance, Dec. 31, 2017

Additional PSC, 1/1/18

Balance, Jan. 1, 2018

Service Cost

Interest Cost

Actual Return

Unexpected Loss

Amortization of PSC

Contributions

Benefits

Journal Entry for 2018

Accumulated OCT, Dec. 31, 2017

Balance, Dec. 31, 2018