Problem 121 (Part Level Submission)

The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2018:

Service cost		$470,000
Actual return on plan assets		238,000
Annual contribution to the plan		908,000
Amortization of prior service cost		123,800
Benefits paid to retirees		54,000
Settlement rate		10%
Expected rate of return on plan assets		8%

The accumulated benefit obligation at December 31, 2018, amounted to $3,190,000.

(a)

Using the above information for Marlin Corporation, complete the pension work sheet for 2018