Using the information in E20-13 about Erickson Company’s defined benefit pension plan, prepare a 2014 pension worksheet with supplementary schedules of computations. Prepare the journal entries at December 31, 2014, to record pension expense and related pension transactions. Also, indicate the pension amounts reported in the balance sheet.

Data From E 20-13:

Erickson Company sponsors a defined benefit pension plan. The corporation’s actuary provides the following information about the plan.

                              

Instructions
  (a) Compute the actual return on the plan assets in 2014.
  (b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2014 (Assume the January 1, 2014, balance was zero.)
  (c) Compute the amount of net gain or loss amortization for 2014 (corridor approach).
  (d) Compute pension expense for 2014.