Sandhill Company provides the following information about its defined benefit pension plan for the year 2017.

Service cost

$89,300

Contribution to the plan

106,300

Prior service cost amortization

9,100

Actual and expected return on plan assets

65,200

Benefits paid

40,200

Plan assets at January 1, 2017

634,600

Projected benefit obligation at January 1, 2017

697,200

Accumulated OCI (PSC) at January 1, 2017

151,800

Interest/discount (settlement) rate

10

%

Prepare the pension worksheet below inserting January 1, 2017, balances, showing December 31, 2017 and Prepare the journal entry recording pension expense.

SANDHILL COMPANY Pension Worksheet-2017 General Journal Entries emo Record Annual Pension Expense OCI Prior Service Cost Pension Asset,/ Liability Projected Benefit Obligation Plan Assets Items Balance, January 1, 2017 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Cash Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017