Zac Brown company sponsors a defined benefit pension plan for employees. The following data relates to the operation of the plan for the year 2017.

                                                                                                 2017

Accumulated benefit obligation January 1                           575000

Vested benefit obligation, January 1                                     480,000

Projected Benefit obligation, January 1                                650,000

Plan assets January 1                                                             410,000

AOCI- Unrecognized prior service cost , January 1              160,000

AOCI- Unrecognized gain, January 1                                   75,000

Relevant information for 2017 includes the following information

Service Cost                                                                           40,000

Interest Rate (Settlement Rate)                                              10.00%

Expected Rate of Return                                                        8.00%

Actual return on plan assets                                                   36,000

Contribution made by company to trust in 2017                   50,000 

Benefits paid retirees in 2017                                                31,500

Average remaining service period                                         10 years

Unrecognized prior service cost amortized on straight-line basis based on average remaining service life. The company uses the corridor method for amortization of unrecognized gains or losses.

A1. Start a pension worksheet for 2017. Be sure to calculate the January 1 2017. Balance in the pension asset/Liability Account. Determine Pension expense for 2017 and indicate ending balance in all pension accounts on the company`s books and trustee accounts.

B. Prepare the journal entry for pension expense for 2017.

C.  If net income is 950,000 (including the pension expense) what is comprehensive income?