On January 1, 2025, Ivanhoe Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,456,000 Service cost The interest (settlement) rate applicable to the plan is 10%. On January 1, 2026, the company amends its pension agreement so that prior service costs of $490,000 are created. Other data related to the pension plan are as follows. 4,270,000 Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets 2025 $149,000 -0- 245,000 203,000 256,200 6% 2026 $180,000 89,000 289,000 283,000 261,000 8%

1. a pension worksheet for the pension plan for 2025 and 2026
2. For 2026, prepare the journal entry to record pension-related amounts.

1. a pension worksheet for the pension plan for 2025 and 2026
2. For 2026, prepare the journal entry to record pension-related amounts.

On January 1,2025, Ivanhoe Company has the following defined benefit pension plan balances. The interest (settlement) rate applicable to the plan is 10%. On January 1,2026, the company amends its pension agreement so that prior service costs of $490,000 are created. Other data related to the pension plan are as follows