P 20 - 2B ( 3 - Year Worksheet , Journal Entries , and Reporting) Captiva Company adopts acceptable accoun ing for its defined benefit pension plan on January 1 2013 with the following beginning balances play assets $600 , 100 ; projected benefit obligation $600,090 . Other data relating to 3 years operation of the plan are shown on the next page 2015 2014 2015 Annual service cost $40 090 $ 43 000 $ 61000 Settlement rate and expected rate of return 89% 89/ 89 / Actual return on plan assets 40 090 50.090 60 090 Annual funding ( contributions ) 1000 30.000 58 000 Benefits paid 26090 31 090 45000 Prior service cost ( plan amended , 1 / 1 / 14 ) 280.090 Amortization of prior service cost 38 000 56 000 Change in actuarial assumptions establishe a December 31 2015 projected benefit obligation o 980.090 Instructions ( a ) Prepare a pension worksheet presenting all 3 years pension balances and activities ( b ) Prepare the journal entries ( from the worksheet ) to reflect all pension plan transactions and events He at December 31 of each year ( ) Indicate the pension -related amounts reported in the financial statements for 2015