Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost Net gain or loss (debit) $470,000 699,000 229,000 Cr 86,000 95,000 As a result of the operation of the plan during 2017, the actuary provided the following additional data for 2017 Service cost for 2017 Settlement rate, 9%; expected return rate, 10% Actual return on plan assets in 2017 Amortization of prior service cost Contributions in 2017 Benefits paid retirees in 2017 Average remaining service life of active employees $117,000 44,000 24,000 144,000 92,000 10 years Using the preceding data, compute pension expense for Cullumber Corp. for the year 2017 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.) CULLUMBER CORP Pension Worksheet-2017 oCI- Gain/ Loss Annual Pension OCI-Prior Service Cost Penison Asset/ Projected Benefit Obligation Plan Assets Cash Items Liabili Balance, Jan. 1, 2017 Service cost Interest cost Actual returm Unexpected loss Amortization of PSC Amortization of loss Benefits Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 Use the market-related asset value to compute the expected return and for corridor amortization. Expected return Corridor amortization