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(Basic Pension Worksheet) The following defined pension data of Doreen Corp. apply to the year 2008.

(Basic Pension Worksheet) The following defined pension data of Doreen Corp. apply to the
year 2008.
Projected benefit obligation, 1/1/08 (before amendment) $560,000
Plan assets, 1/1/08 546,200
Prepaid/accrued pension cost (credit) 13,800
On January 1, 2008, Doreen Corp., through plan amendment,
grants prior service benefits having a present value of 100,000
Settlement rate 9%
Service cost 58,000
Contributions (funding) 55,000
Actual (expected) return on plan assets 52,280
Benefits paid to retirees 40,000
Prior service cost amortization for 2008 17,000
Instructions
For 2008, prepare a pension worksheet for Doreen Corp. that shows the journal entry for pension expense
and the year-end balances in the related pension accounts.

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