Question 2 Glory Plc offers a defined benefit plan for its employees. On January 1, 2018, the following balances relate to this plan. a. 20 points Plan asset Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) 500,000 600,000 100,000 200,000 The following additional data are given: Service cost Actual return Expected return on plan assets Amortization of Prior service cost (PSC )... $100,000 65,000 10% 20,000 8% Unexpected loss from change in projected benefit obligation75,000 Contributions.... 100,000 90,000 Benefit paid Required: a. Compute the pension expense for 2018. b. Prepare a pension worksheet. c. Prepare journal entries on 31st December, 2018