Part I1. (32 points) Pension Accounting Wilson Corp. sponsors a defined-benefit pension plan for its employees. On January 1,2018, the following balances related to this plan. Plan assets (fair value) Projected benefit obligation Pension asset/liability Prior service cost OCI-Loss $1.200,000 1.400,000 200,000 C 300,000 Dr. 160,000 Dr As a result of the operation of the plan during 2018 data at December 31, 2018. $280,000 80,000 Service cost for 2018 Actual return on plan assets in 2018 Expected return on plan assets in 2018 Amortization of prior service cost Contributions in 2018 77,000 60,000 360,000 320,000 Benefits paid retirees in 2018 Settlement rate 890 Average remaining service life of active employees 5 years Required 1. (6 points) Using the corridor method, caleulate the amount of loss to be amortized from OCI-Loss account in 2018. 2. (20 points) Complete the pension worksheet provided on the next page for Wilson Corp for the year 2018. Clearly distinguish debit and credit entries