Sandhill Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. $460,000 Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) 606,500 146,500 104,200 Dr. As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. $93,500 Service cost Settlement rate, 10% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions Contributions Benefits paid retirees 54,600 18,100 51,600 76,600 100,500 84,300 (a) Using the data above, compute pension expense for Sandhill Corp. for the year 2017 by preparing a pension worksheet. (Enter all amounts as positive.) SANDHILL CORP. Pension Worksheet General Journal Entries OCI-Prior OCI - Gain/ Service Cost Loss Annual Pension Expense Pension Asset/ Liability Memo Record Projected Benefit Obligation Plan Assets Items Cash Balance, Jan. 1, 201 $ $ $ $ $ Service cost Interest cost Actual return Unexpected gain Amortization of PSC Liability increase Contributions Benefits Journal entry for 2017 $ Accumulated OCI, Dec. 31, 2016 Balance, December 31, 2017 $ $ $