Using the below information for XYZ Corporation, complete the pension work sheet for 2016

The accountant for XYZ Corporation has developed the following information for the company's defined-benefit pension plan for 2016:

Service cost $350,000

Actual return on plan assets 250,000

Annual contribution to the plan 900,000

Amortization of prior service cost 125,000

Benefits paid to retirees 250,000

Settlement rate 8%

Expected rate of return on plan assets 7%

The accumulated benefit obligation at December 31, 2015, amounted to $3,000,000 and plan assets are $3,200,000 at the same date. The accumulated OCI (prior service costs) at December 31, 2015 was $625,000.