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please help with the following, use numbers provided and show whole table please On January 1, 2025, Sheridan Company has the following defined benefit pension
please help with the following, use numbers provided and show whole table please
On January 1, 2025, Sheridan Company has the following defined benefit pension plan balances. The interest (settlement) rate applicable to the plan is 10%. On January 1,2026 , the company amends its pension agreement so that prior service costs of $504,000 are created. Other data related to the pension plan are as follows. (a) Prepare a pension worksheet for the pension plan for 2025 and 2026. (Enter all amounts as positive.) Annual Pension ItemsBalance,Jan.1,2025 Expense Cash Service cost Interest cost Actual return Contributions Benefits Journal entry for 2025 Accumulated OCl, Dec. 31, 2024 Balance, Dec. 31, 2025 Additional PSC, 1/1/2026 Balance, Jan. 1, 2026 Service cost Interest cost Actual return Unexpected loss Amortization of PSC Contributions Benefits Journal entry for 2026 Accumulated OCl, Dec. 31, 2025 Balance, Dec. 31, 2026Step by Step Solution
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