The following defined pension data of Rydell Corp. apply to the year 2014.

Projected benefit obligation, 1/1/14 (before amendment)

$560,000

Plan assets, 1/1/14

546,200

Pension liability

13,800

On January 1, 2014, Rydell Corp., through plan amendment, grants prior service benefits having a present value of

120,000

Settlement rate

9

%

Service cost

58,000

Contributions (funding)

65,000

Actual (expected) return on plan assets

52,280

Benefits paid to retirees

40,000

Prior Service cost amortization for 2014 17,000

Items	Annual Pension Expense	cash	OCI-Prior Service Cost	Pension Asset/ Liability	Projected Benefit Obligation	Plan Assets
Balance, Dec.31, 2013
Prior Service Cost
Balance, Jan 1. 2014
Service Cost
Interest Cost
Actual Return
Amortization of PSC
Contributions
Benefits
Journal Entry for 2014
Accumulated OCI, Dec .31, 2014