Whispering Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $201,800; projected benefit obligation $254,000. Other data relating to 3 years operation of the plan are as follows.

		2016			2017			2018
Annual service cost		$16,100			$18,900			$26,500
Settlement rate and expected rate of return		10	%		10	%		10	%
Actual return on plan assets		17,900			22,150			24,400
Annual funding (contributions)		16,100			39,900			48,600
Benefits paid		14,300			16,000			21,000
Prior service cost (plan amended, 1/1/17)					159,700
Amortization of prior service cost					54,800			41,700
Change in actuarial assumptions establishes a December 31, 2018, projected benefit obligation of:								528,300

Prepare a pension worksheet presenting all 3 years pension balances and activities

WHISPERING COMPANY Pension Worksheet2016, 2017, 2018

General Journal Entries

Memo Record

Annual Pension Expense

Cash

OCIPrior Service Cost

OCIGain/ Loss

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets