P20-1 (2-Year Worksheet) On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.
	Projected benefits obligation			$4,500,000
	Fair value of plan assets			4,200,000
The interest (settlement) rate applicable to the plan is				10%	On January 1, 2015, the company amends its pension
agreement so that service costs of			$500,000	are created. Other data related to the pension plan are as follows:
					2014	2015
	Service costs				$150,000	$180,000
	Prior service costs amortization				0	90,000
	Contributions (funding) to the plan				240,000	285,000
	Benefits paid				200,000	280,000
	Actual return on plan assets				252,000	260,000
	Expected rate of return on assets				6%	8%
Instructions:
(a) Prepare a pension worksheet for the pension plan for 2014 and 2015.

(b) For 2015, prepare the journal entry to record pension-related amounts.