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Carla Vista Corporation is a privately-owned company that uses ASPE. On January 1,2023, Carla Vista's...

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Accounting

Carla Vista Corporation is a privately-owned company that uses ASPE. On January 1,2023, Carla Vista's financial records indicated the following information related to the company's defined benefit pension plan:
Defined Benefit Obligation $1,340,000
Pension Plan Assets ,1,490,000
Carla Vista Corporation's actuary provided the following information on December 31,2023:
Current year service cost
$87,000
Prior service cost, granted Jan 1,2023,186,000
Employer contributions for the year ,95,000
Benefits paid to retirees ,31,000
Expected return on assets ,5%
Actual return on assets 6%
Discount rate 5%
Prepare a pension worksheet for Wildhorse Corporation for the year ending. December 31,2023.
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