Pharoah Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2017 and 2018.

		2017			2018
Projected benefit obligation, January 1		$596,800
Plan assets (fair value and market-related value), January 1		408,500
Pension asset/liability, January 1		188,300	Cr.
Prior service cost, January 1		160,500
Service cost		40,300			$59,100
Settlement rate		10	%		10	%
Expected rate of return		10	%		10	%
Actual return on plan assets		35,800			60,500
Amortization of prior service cost		70,100			50,300
Annual contributions		96,800			80,900
Benefits paid retirees		31,600			53,780
Increase in projected benefit obligation due to changes in actuarial assumptions		86,400			0
Accumulated benefit obligation at December 31		723,400			783,700
Average service life of all employees					20 years
Vested benefit obligation at December 31					461,600

1. Prepare a pension worksheet presenting both years 2017 and 2018. (Round answers to 0 decimal places, e.g. 5,125. Enter all amounts as positive.)

2. Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (Round answers to 0 decimal places, e.g. 5,125. 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 0 for the amounts.)

3. For 2018, indicate the pension amounts reported in the financial statements. (Round answers to 0 decimal places, e.g. 5,125.) (income statement, comprehensive income statement, balance sheet)