Problem 20-2 Sage Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $200,100; projected benefit data relating to 3 years' operation of the plan are as follows. Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits pald Prior service cost (plan amended, 1/1/17) Amortization of prior service cost 2016 $16,100 10 % 17,700 16.100 14,200 2017 $19,400 1094 21,970 39,600 10.100 158,200 53,600 2018 $25,800 10% 24,500 48,900 20,600 41,400 JACKSON COMPANY Penalen Worksheet-2016, 2017, 2018 General Journal Entries CI-Prior OCH-Gain/ Service Cont Los Annual Pengen Expense Ly -57000 Benelan 1, 2016 Services Memo Record Projected Bee Plan Obligation Asset -277000 220000 10000 + -2770001 : 22000 DE . 19000 DE 27700 Det -22000 O . . Unexpected to . S6400 400000 -5600 O. 16400 DE -564000 15.300 ournal entry for 2016 Acord OCI, Dec. 31, 2015 elence, Dec 31, 2016 160000 DE 2000D -3073000 . 100001 -1700 Additional PSC, 1/11/2017 Balance Men. 1. 2017 + 1 : 0 Amortion of PSC Contro Benefits uma entry for 2017 Accumulated OCT, Dec 31, 2016 ace. Der 31, 2017 Problem 20-2 Sage Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $200,100; projected benefit data relating to 3 years' operation of the plan are as follows. Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits pald Prior service cost (plan amended, 1/1/17) Amortization of prior service cost 2016 $16,100 10 % 17,700 16.100 14,200 2017 $19,400 1094 21,970 39,600 10.100 158,200 53,600 2018 $25,800 10% 24,500 48,900 20,600 41,400 JACKSON COMPANY Penalen Worksheet-2016, 2017, 2018 General Journal Entries CI-Prior OCH-Gain/ Service Cont Los Annual Pengen Expense Ly -57000 Benelan 1, 2016 Services Memo Record Projected Bee Plan Obligation Asset -277000 220000 10000 + -2770001 : 22000 DE . 19000 DE 27700 Det -22000 O . . Unexpected to . S6400 400000 -5600 O. 16400 DE -564000 15.300 ournal entry for 2016 Acord OCI, Dec. 31, 2015 elence, Dec 31, 2016 160000 DE 2000D -3073000 . 100001 -1700 Additional PSC, 1/11/2017 Balance Men. 1. 2017 + 1 : 0 Amortion of PSC Contro Benefits uma entry for 2017 Accumulated OCT, Dec 31, 2016 ace. Der 31, 2017