P 20 - 2B ( 3 - Year Worksheet Journal Entries , and Reporting ) Captiva Company adopts acceptable accountaccounting for its de fined benefit pension plan on January 1 , 2013 , with the following beginning balances : planassets $600 010 ; projected benefit obligation $600 060 . Other data relating to 3 years' operation of the planare shown on the next page .201320142015Annual service cost$40.000$ 48.000$ 61000Settlement rate and expected rate of return8%89 /890Actual return on plan assets40.09050 0 0060 000Annual funding ( contributions17.00030.00058.000Benefits paid2600037.00045000Prior service cost ( plan amended , 1 / / 14 )280.000Amortization of prior service cost38 00056 000Change in actuarial assumptions establishesa December 31 , 2015 projected benefit obligation o980 090Instructionsa ) 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 eventat December 31 of each yearIndicate the pension - related amounts reIs reported in the financial statements for 2015