The accountant for Lucky Corporation has developed the following information for the company's defined-benefit pension plan for 2018: Service cost $1,000,000 Actual return on plan assets 500,000 Annual contribution to the plan 1,840.000 Amortization of prior service cost 250.000 Benefits paid to retirees 120.000 Settlement rate 10% Expected rate of return on plan assets 8% The accumulated benefit obligation at December 31, 2018, amounted to $6,500,000. Instructions (a) Using the above information for Lucky Corporation, complete a pension work sheet for 2018. Indicate (credit) entries by parentheses. Calculated amounts should be supported. An excel workbook with the pension worksheet has is in the Exam Folder. (b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2018