See attached word doc. This is a two part question.

1. Prepare a pension worksheet for 2014 and 2015

2. For 2015 prepare journal entry to record pension related amounts.

On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.

Projected benefit obligation	$4,518,000
Fair value of plan assets	4,206,700

The interest (settlement) rate applicable to the plan is 10%. On January 1, 2015, the company amends its pension agreement so that prior service costs of $512,200are created. Other data related to the pension plan are as follows.

2014	2015
Service cost	$163,100	$188,900
Prior service cost amortization	?0?	99,300
Contributions (funding) to the plan	259,400	304,900
Benefits paid	206,100	292,700
Actual return on plan assets	252,402	261,600
Expected rate of return on assets	6	%	8	%

Warning

Don't show me this message again for the assignment

Ok Cancel

Prepare a pension worksheet for the pension plan for 2014 and 2015.

On January 1, 2014, Harrington Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,518,000 4,206,700 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2015, the company amends its pension agreement so that prior service costs of $512,200 are created. Other data related to the pension plan are as follows. 2014 Service cost 2015 $163,100 $188,900 -0- 99,300 Contributions (funding) to the plan 259,400 304,900 Benefits paid 206,100 292,700 Actual return on plan assets 252,402 261,600 Prior service cost amortization Expected rate of return on assets 6% 8% Don't show me this message again for the assignment 1. Prepare a pension worksheet for the pension plan for 2014 and 2015. And 2. For 2015, prepare the journal entry to record pension-related amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit