Pharoah Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $478,400 612,700 34,300 97,100 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost settlement rate, 10% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected loss from change in projected benefit obligation, $86,500 56,000 20,000 53,100 due to change in actuarial predictions Contributions Benefits paid retirees 78,200 95,600 81,100 Using the data above, compute pension expense for Pharoah Corp. for the year 2017 by preparing a pension worksheet.(Enter all amounts as pos PHAROAH CORP Pension Worksheet General Journal Entries ocI-Prior Service Cost ocI- Gain/ Loss Pension Asset/ Liability Annual Pension Expense Cash -1 Items Balance, Jan. 1, 2017 Canice cost