Exercise 20B-7 Your answer is partially correct. Try again. The following defined pension data of Buffalo 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, Buffalo Corp., through plan amendment, $548,000 533,900 14,100 118,000 grants prior 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 896 56,800 60,500 48,600 41,400 18,200 For 2017, prepare a pension worksheet for Buffalo Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. (Enter all amounts as positive.)