P$19\mathrm{.}1($LO$1,2,3,4)2-$Year Worksheet

On January $1,2025,$ Harrington Company has the following defined benefit pension plan balances.

Projected benefit obligation

$$4,500,000$

Fair value of plan assets

$4,200,000$

Other data related to the pension plan are as follows:

Interest $($settlement$)$ rate applicable to the plan

Service costs

Prior service costs amortization

Contributions $($funding$)$ to the plan

Benefits paid

Actual return on plan assets

Expected rate of return on assets

Instructions

a$.$ Prepare a pension worksheet for the pension plan for $2025$ and $2026.$

b$.$ For $2026,$ prepare the journal entry to record pension$-$related amounts.P$19\mathrm{.}1($LO$1,2,3,4)2-$Year Worksheet

On January $1,2025,$ Harrington Company has the following defined benefit pension plan balances.

Projected benefit obligation

$$4,500,000$

Fair value of plan assets

$4,200,000$

Other data related to the pension plan are as follows:

Interest $($settlement$)$ rate applicable to the plan

Service costs

Prior service costs amortization

Contributions $($funding$)$ to the plan

Benefits paid

Actual return on plan assets

Expected rate of return on assets

Instructions

a$.$ Prepare a pension worksheet for the pension plan for $2025$ and $2026.$

b$.$ For $2026,$ prepare the journal entry to record pension$-$related amounts.NOTE: Enter a formula, a cell reference, or a value $($if you are unable to reference a cell$),$ into the yellow shaded input cells.

a$.$

HARRINGTON COMPANY

Pension Worksheet$-2025$ and $2026$