This is the Information for Smith's Corporation: defined benefit pension plan for the year ended December 31, 2015:

Service cost for 2019 $ 280,000

Market-related value of pension assets at January 1, 2019 2,650,000

Fair value of pension assets at December 31, 2019 2,500,000

Accumulated other comprehensive income:

prior service cost, 12/31/18 150,000

Accumulated other comprehensive income: unexpected loss at

December 31, 2018 310,000

Pensions paid during 2019 285,000

Employer contribution made to the pension trust in December, 2019 200,000

Decrease in the projected benefit obligation due to changes in actuarial

assumptions as of December 31, 2019 150,000

• Pension Asset/ Liability 1/1/19 300,000
• PBO 1/1/19 2,700,000
• Pension Assets 1/1/19 2,400,000

Expected return on pension assets 6%

Discount rate 5%

Average remaining service period of current employees as of January 1, 2019

(to be used for all amortization situations) 10 years

Required:

1. Complete the pension workpaper

Find

Pension Expense

Expected Return

Actual Return

Unexpected gain

Amortizaton of PSC

Employer Contributions

Pensions Paid

Amortization of Unexpected loss

PBO Increase

Pension Asset/ Liabilities

Prior Service Cost

Unexpected Gains/ Losses

PBO

Ending Balance in Pension Asset

Complete ALL Journal entries

Annual Pension

Pension Due to Asset/ Other Comprehensive Income Pension

Items Expense Pension Trust Liability PSC Unexpected G/L PBO Assets

1/1/19 balances $ 0 $ XXXX $300,000 (cr) $ 0 $ 0 $2,700,000 (cr) $2,400,000 (dr)

1. Service cost

2. Interest cost

3. Actual return

4. Unexpected

gain

5. Amortization

of PSC

6. Employer

contribution

7. Pensions paid

8. Amortization of

unexpected loss

9. PBO decrease

Journal entry

AOCI balances 1/1/19

Balances 12/31/19