E20-7 (L01,2,3) Basic Pension Worksheet The following defined pension data of Rydell Corp. apply to the year 2017 Projected benefit obligation, 1/1/17 (before amendment) Plan assets, 1/1/17 Pension liability On January 1, 2017, Rydell Corp., through plan amendment, grants prior 546,200 13,800 120,000 9% $58,000 65,000 52,280 40,000 17,000 service benefits having a present value of Settlement rate Service cost Contributions (funding) Actual (expected) return on plan assets Benefits paid to retirees Prior service cost amortization for 2017 Instructions For 2017, prepare a pension worksheet for Rydell Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts RYDELL CORP Pension Worksheet-2017 General Journal Entries Memo Record Annual Pension OCI - Prior Service Cost Pension Asset Liabili Projected Benefit Obligation Plan Assets tems Cash Exercise 20-7