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1. Stellantis Company provides the following information about its defined benefit pension plan for the year 2018.

Service cost	$80,000
Contribution to the plan	99,000
Prior service cost amortization	11,000
Actual and expected return on plan assets	60,000
Benefits paid	50,000
Plan assets on January 1, 2018	520,000
Projected benefit obligation on January 1, 2018	580,000
Accumulated OCI (PSC) on January 1, 2018	120,000
Interest/discount (settlement) rate	10%

a. Prepare a pension worksheet inserting January 1, 2018, balances, showing December 31, 2018. (Please use the provided spreadsheet)

b. Prepare the journal entry recording pension expense.

PLEASE PROVIDE ALL CALCULATIONS FOR NUMBERS NOT PROVIDED IN QUESTION.

O IMG_20211117_110523.jpg Y Q Search PIO Dr/ A B E F G K L M N 0 Q R R S T UV w 1 2 3 H J STELLANTIS COMPANY Pension Worksheet -- 2018 General Journal Entries Annual Pension Expense OCI - Prior Service Cost Cash Memo Record Projected Benefit Obligation Plan Assets Pension Asset Llability 31 4 4 Items Balance, Jan. 1. 2018 6 Service cost 7 Interest cost 8 Actual return 9 Amortization of PSC 10 Contributions 11 Benefits Dr/Cr Dr/Cr Dr/Cr Dr/Cr Dr/Cr 12 Journal entry for 2018 13 Accum OCI, Jan. 1, 18 14 Balance, Dec. 31, 2018 15 16 17 18 19 20 20 21 22 23 24 20 + 25 26 27 28 29 30 31

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