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

Service cost $98,100 Contribution to the plan 114,400 Prior service cost amortization 13,400 Actual and expected return on plan assets 67,900 Benefits paid 44,500 Plan assets at January 1, 2014 644,800 Projected benefit obligation at January 1, 2014 708,300 Accumulated OCI (PSC) at January 1, 2014 154,400 Interest/discount (settlement) rate 9 %

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

VELDRE COMPANY Pension Worksheet2014 General Journal Entries Memo Record Items Annual Pension Expense Cash OCI Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation Plan Assets Balance, January 1, 2014 $ Dr. Cr. $ Dr. Cr. $ Dr. Cr. $ Dr. Cr. $ Dr. Cr. $ Dr. Cr. Service cost Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Interest cost Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Actual return Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Amortization of PSC Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Contributions Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Benefits Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Journal entry for 2014 $ Dr. Cr. $ Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Accumulated OCI, Dec. 31, 2013 Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Balance, Dec. 31, 2014 $ Dr. Cr. $ Dr. Cr. $ Dr. Cr. $ Dr. Cr.

Prepare the journal entry recording pension expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation Debit Credit