Pearl Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1, 2017 December 31, 2017 Vested benefit obligation $1,520 $1.930 Accumulated benefit obligation 1,950 2,720 Projected benefit obligation 3,590 2,700 1,700 Plan assets (fair value) 2.740 Settlement rate and expected rate of return 6% Pension asset/liability 1,000 Service cost for the year 2017 420 Contributions (funding in 2017) 820 Benefits paid in 2017 310 Compute the actual return on the plan assets in 2017. Actual Return on Plan Assets in 2017 $ e Textbook and Media List of Accounts Compute the amount of the other comprehensive income (G/L) as of December 31, 2017. (Assume the January 1, 2017, balance was zero.) (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net Gain or (Loss) $ Compute the amount of net gain or loss amortization for 2017 (corridor approach). (Enter loss using either a negative sign preceding the number e.g.-2,945 or parentheses eg. (2,945).) Net Gain or Loss Amortization $ e Textbook and Media List of Accounts Compute pension expense for 2017, Pension Expense $ e Textbook and Media List of Accounts Prepare a 2017 pension worksheet with supplementary schedules of computations. PEARL COMPANY Pension Worksheet-2017 General Journal Entries Memo Record Entries Annual Pension Expense OCI-Gain/ Loss Cash Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Balance, Jan. 1, 2017 Service cost Interest cost Actual return Unexpected gain Contributions Benefits Liability increase Journal entry for 2017 Accumulated OCI, Dec 31, 2016 Balance, Dec. 31, 2017 Prepare the journal entries at December 31, 2017, to record pension expense and related pension transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Indicate the pension amounts reported in the balance sheet. Balance Sheet at December 31, 2017