Manon Corporation applies ASPE and sponsors a defined benefit pension plan. The following pension plan information is available for 2017 and 2018:

The pension fund paid out benefits in each year. There were no actuarial gains or losses incurred on the DBO in the two-year period.
Instructions
(a) Calculate pension expense for 2017 and 2018.
(b) Prepare all journal entries to record the pension expense and the company's pension plan funding for both years.
(c) Prepare the complete pension work sheets for Manon for 2017 and 2018.
(d) Prepare the required pension disclosure notes to the financial statements at December 31, 2018.

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2017 2018 $515,000 $642,000 600,000 700,000 Plan assets (fair value), December 31 Defined benefit obligation, January 1 Net defined benefit liability (asset), January 1 Current service cost Actual return on plan assets Funding of current service cost Funding of past service costs Benefits paid Interest/discount rate 240,000 60,000 24,000 60,000 85,000 90,000 47,000 90,000 55,000 9% 9%