Exercise 20-4 Your answer is partially correct. Try again. The following facts apply to the pension plan of Coronado Inc. for the year 2017, Plan assets, January 1, 2017 Projected benefit obligation, January 1, 2017 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees $511,800 511,800 8 % 36,500 23,500 50,300 33,400 Using the preceding data, compute pension expense for the year 2017. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2017 and the year-end balances in the related pension accounts. positive.) CORONADO INC. Pension Worksheet-2017 General Journal Entries Pension Asset/ Cash Liability Memo Record Projected Benefit Obligation Annual Pension Expense Items Plan Assets Balance, January 1, 2017 511800 Cr. 511800 Dr. Service cost 36500 Dr. I 36500 Cr. 1 Interest cost 43864 Dr. 43864 Actual return 50300 Cr. 50300 Dr. Contributions 23500 Dr. 00000000 Benefits 23400 Dr. 33400 Cr. Journal entry, December 31 30064|| Dr. 23500 Cr. Balance, December 31, 2017 558764|| Cr. 558 . 552200 Dr. Click if you would like to show Work for this question: Open Show Work