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Veldre Company provides the following information about its defined benefit pension plan for the year 2014. Service cost $96,200 Contribution to the plan 112,500 Prior

Veldre Company provides the following information about its defined benefit pension plan for the year 2014.

Service cost $96,200

Contribution to the plan 112,500

Prior service cost amortization 13,900

Actual and expected return on plan assets 70,800

Benefits paid 45,000 Plan assets at January 1, 2014 646,600

Projected benefit obligation at January 1, 2014 703,900

Accumulated OCI (PSC) at January 1, 2014 154,500

Interest/discount (settlement) rate 9 %

Prepare a pension worksheet inserting January 1, 2014, balances, showing December 31, 2014.

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