plan for 3 Howand Corm sponsors a defined-benetit penshn ary 1, 2011, the ollowing balances related to this plan n assets (market-related value)00,00o 600,000 benefit obligatioe 75,000 OCI-Prior service cost OCI-Loss As a result of the Decembr t.during 2011, the actuars providst the fetlowing at December 31, 2011 Service cost for 2011 3 75,000 45,000 20,000 115,000 70,000 790 Actual return on plan assets in 2011 Amortization of prior Contributions in 2011 Benefits paid retirees in 2011 Interest rate Expected return rate Average remaining servi ce life of active employees 10 years Instructions (a) Using the above information Indicate (credit) entries by parentheses. to complete the pension work sheet for 2011 (see the next page) the pension (b) Prepare the journal entry to reflect the accounting for the company's pension p ending December 31, 2011 plan for the yo