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The accountant for Orion Corporation has developed the following information for the company's defined-benefit pension plan for 2019: Service cost $ 990,000 Actual return on

The accountant for Orion Corporation has developed the following information for the company's defined-benefit pension plan for 2019:

Service cost $ 990,000
Actual return on plan assets 496,000
Annual contribution to the plan 1,836,000
Amortization of prior service cost 249,600
Benefits paid to retirees 118,000
Settlement rate 20%
Expected rate of return on plan assets 16%

The accumulated benefit obligation at December 31, 2019, amounted to $ 6,480,000

Using the above information for Orion Corporation, complete the pension work sheet for 2019. (Do not leave any answer field blank. Enter 0 for amounts.)

OCI-Prior service cost 1248000
projected benefit obligation 7980000
plan assets 5490000

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