The following defined pension data of Rydell Corp. apply to the year 2012.

Projected benefit obligation, 1/1/12 (before amendment)		$564,800
Plan assets, 1/1/12		550,400
Pension liability		14,400
On January 1, 2012, Rydell Corp., through plan amendment, grants prior service benefits having a present value of		123,100
Settlement rate		9	%
Service cost		59,000
Contributions (funding)		68,900
Actual (expected) return on plan assets		58,200
Benefits paid to retirees		48,300
Prior service cost amortization for 2012		25,400

For 2012, prepare a pension worksheet for Rydell Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.

RYDELL CORP. Pension Worksheet