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Crane Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2016, with the following beginning balances: plan assets $199,900; projected benefit obligation $251,000. Other data relating to 3 years operation of the plan are as follows.

		2016			2017			2018
Annual service cost		$16,000			$18,600			$25,900
Settlement rate and expected rate of return		10	%		10	%		10	%
Actual return on plan assets		17,700			21,990			24,500
Annual funding (contributions)		16,000			40,600			47,800
Benefits paid		13,700			16,000			20,500
Prior service cost (plan amended, 1/1/17)					159,500
Amortization of prior service cost					54,400			41,100
Change in actuarial assumptions establishes a December 31, 2018, projected benefit obligation of:								511,500

1. Prepare a pension worksheet presenting all 3 years pension balances and activities. (Enter all amounts as positive.)

Please assist with the ones with the question marks. Please identify if debit or credit.

CRANE COMPANY Pension Worksheet2016, 2017, 2018

	Annual Pension Expense	Cash	OCIPrior Service Cost	OCIGain/ Loss	Pension Asset/ Liability	Projected Benefit Obligation	Plan Assets
Balance, Jan. 1, 2016					Cr. ???	Cr. 251000	Dr. 199900
Service cost	Dr. 16000					Cr. 16000
Interest cost	Dr. 25100					Cr. 25100
Actual return	Cr. 17700						Dr. 17700
Unexpected loss	Cr. 2290			Dr. 2290
Contributions		Cr. 16000					Dr. 16000
Benefits						Dr. 13700	Cr. 13700
Journal entry for 2016	Dr. 21110	Cr. 16000		Dr. 2290	Cr. 7400
Accumulated OCI, Dec. 31, 2015
Balance, Dec. 31, 2016				Dr. 2290	Cr. ???	Cr. 278400	Dr. 219900
Additional PSC, 1/1/2017			Dr. 159500			Cr. 159500
Balance, Jan. 1, 2017					Dr. ???	Cr. 43790
Service cost	Dr. 18600					Cr. 18600
Interest cost	Dr. 43790					Cr. 43790
Actual return	Cr. 21990						Dr. 21990
Amortization of PSC	Dr. 54400		Cr. 54400
Contributions		Cr. 40600					Dr. 40600
Benefits						Dr. 16000	Cr. 16000
Journal entry for 2017	Dr. 94800	Cr. 40600	Dr. 105100		Cr. 159300
Accumulated OCI, Dec. 31, 2016				Dr. 2290
Balance, Dec. 31, 2017			Dr. 105100	Dr. 2290	Cr. ???	Cr. 484290	Dr. 266490
Service cost	Dr. 25900					Cr. 25900
Interest cost	Dr. 48429					Cr. 48429
Actual return	Cr. 24500						Dr. 24500
Unexpected loss	??	??	??	??	??	??	??
Amortization of PSC	??	??	??	??	??	??	??
Contributions		Cr. 47800					Dr. 47800
Benefits	??	??	??	??	??	??	??
Liability gain	??	??	??	??	??	??	??
Journal entry for 2018	??	??	??	??	??	??	??
Accumulated OCI, Dec. 31, 2017	??	??	??	??	??	??	??
Balance, Dec. 31, 2018	??	??	??	??	??	??	??

2. Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.

Date	Account Titles and Explanation	Debit	Credit
Dec. 31, 2016	Other Comprehensive Income (G/L)	??
	Pension Expense	??
	Cash		??
	Pension Asset/Liability		??
Dec. 31, 2017	Other Comprehensive Income (PSC)	??
	Pension Expense	??
	Cash		??
	Pension Asset/Liability		??
Dec. 31, 2018	Pension Expense	??
	Pension Asset/Liability	??
	Other Comprehensive Income (G/L)		??
	Other Comprehensive Income (PSC)		??
	Cash		??

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