The following information related to the defined pension plan for Blue Company is available for 2016 and 2017.

		2016			2017
Plan assets, December 31		$829,014			$1,006,914
Projected benefit obligation, January 1		830,200			948,800
Pension asset/liability, January 1		166,040	Cr.		?
Prior service cost, January 1		296,500			284,640
Service cost		71,160			106,740
Actual and expected return on plan assets		28,464			35,580
Amortization of prior service cost		11,860			14,232
Contributions (funding)		136,390			142,320
Accumulated benefit obligation, December 31		593,000			652,300
Interest/settlement rate		8	%		8	%

Instructions:

Prepare a pension worksheet for the pension plan for 2016. (Hint: you have to calculate beginning of year Plan Assets)

Prepare a pension worksheet for the pension plan for 2017.

Prepare any journal entry(ies) related to the pension plan as of December 31, 2017.