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Please help ing selected information (Pension Expense, Journal Entries, Statement Presentation) Ferreri Company received the follow- for the year ended from its pension plan trustee

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ing selected information (Pension Expense, Journal Entries, Statement Presentation) Ferreri Company received the follow- for the year ended from its pension plan trustee concerning the operation of the company's defined benefit pension plan December 31, 2017 January 1, December 31, 2017 2017 Projected benefit obligation $1,500,000 $1,527,000 Market-related and fair value of plan assets 800,000 1,130,000 Accumulated benefit obligation 1,600,000 1,720,000 Accumulated OCI (G/L-Net gain (200,000) The service cost component of pension expense for employee services rendered in the current year amounted to $77,000 and the amortization of prior service cost was $120,000. The company's actual funding (contributions) of the plan in 2017 amounted to $250,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,200,000 on January 1, 2017. Assume no benefits paid in 2017. Instructions (a) Determine the amounts of the components of pension expense that should be recognized by the company in 2017. (b) are the journal entry to record pension nse and the employer's contribution to the pension plan in 2017. (c) Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Ferreri Company for the year 2017

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