Problem 20-8 (Part Level Submission) Bramble Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2017 and 2018. 2017 2018 Projected benefit obligation, January 1 Plan assets (fair value and market-related value), January 1 Pension asset/liability, January 1 Prior service cost, January 1 $596,300 412,100 184,200 Cr. 159,600 39,600 Service cost $58,900 10 % Settlement rate 10 % 10 % 10 % 36,000 Expected rate of return Actual return on plan assets Amortization of prior service cost Annual contributions Benefits paid retirees Increase in projected benefit obligation due to changes in actuarial assumptions Accumulated benefit obligation at December 31 Average service life of all employees Vested benefit obligation at December 31 70,200 97,600 31,600 86,400 720,800 60,900 50,000 81,800 52,030 0 782,400 20 years 461,400 Prepare a pension worksheet presenting both years 2017 and 2018. (Round answers to 0 decimal places, e.g. 5,125. Enter all amounts as positive.) BRAMBLE COMPANY Pension Worksheet-2017 and 2018 General Journal Entries OCI-Prior OCI - Gain/ Service Cost Loss Annual Pension Expense Items Memo Record Projected Benefit Plan Obligation Assets Pension Asset/ Liability Cash Balance, Jan. 1, 2017 4 S $ . $ $ Service cost . . . Interest cost + . . Actual return + Unexpected loss + Amortization of PSC + . Contributions Benefits . Increase in PBO . Journal entry for 2017 + . Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 . Balance, Dec. 31, 2017 Service cost A Interest cost A Actual return A Unexpected gain A Amortization of PSC A Amortization of loss a Contributions Benefits Journal entry for 2018 $ Accumulated OCI, Dec. 31, 2017 Balance, Dec. 31, 2018 $ Calculate the amortization of the loss (2018) using the corridor approach. Amortization of the loss $