Nelson Company has a defined benefit pension plan for its employees. At the end of 216 and 2017, the following information is available in regard to this pension plan:

Required:
1. Compare the amount of nelson€™s pension expense in 2016 and 2017.
2. Based on the available information, prepare all the journal entries related to Nelson€™s pension plan 2016 and 2017.
3. If the prior service cost was vested, explain how Nelson Company€™s pension expense for 2016 would be different under IFRS.

2016 2017 Expected return on plan assebs Amortzation of net gain Amortization of net loss Amortization of prior service cost Company contribution (funded 12/31) Interest cost on projected benefit obligation Service cost Prior Service Cost (as of 1/1) 27,000 28,000 3,000 7,000 220,000 42,000 211,000 96,000 6,000 248,000 45,000 217,000 89,000