Scottsdale Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets $480,000 Projected benefit obligation 625,000 Accumulated OCI (PSC) 100,000 Dr. Accumulated OCI (Gain/Loss) 85,000 Cr. As a result of the operation of the plan during 2017, the following additional data are provided by the actuary: Service cost for 2017 $90,000 Settlement rate 9% Actual return on plan assets in 2017 57,000 Expected return on plan assets 10% Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions 76,000 Contributions in 2017 99,000 Benefits paid retirees in 2017 85,000 Avg. remaining service life (all employees) 12 years Use the spreadsheet Pensions to prepare a pension worksheet. On the pension worksheet, compute pension expense, pension asset/liability, projected benefit obligation, plan assets, prior service cost, and net gain or loss. Prepare the journal entry using the spreadsheet Journal Entries to record pension expense in 2017. Indicate the reporting of the 2017 pension amounts in the income statement and balance sheet using the spreadsheet Pensions. What is the amount of deferred pension gain or loss that the company will carry forward to 2018?

NEED TO HAVE BALANCE SHEET AND INCOME STATEMENT

Pension Expense Pension Asset Pension Liabilty Plan Assets Prior Service Cost Projected Benefit Obligations Net Gains or (Loss) OCI Deferred Pension gain Income statement or Loss Carried forwrd Reported Amount Balance Sheet Reported Amount OCI Balance, Jan. 1, 2017 Service cost Interest cost Actual Return Expected Return Amortization of PSC Contributions Benefits Liability increase Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017 Pension Expense Pension Asset Pension Liabilty Plan Assets Prior Service Cost Projected Benefit Obligations Net Gains or (Loss) OCI Deferred Pension gain Income statement or Loss Carried forwrd Reported Amount Balance Sheet Reported Amount OCI Balance, Jan. 1, 2017 Service cost Interest cost Actual Return Expected Return Amortization of PSC Contributions Benefits Liability increase Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017