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Scottsdale Corp. sponsors a defined benefit pension plan for itsemployees. On January 1, 2017, the following balances relate tothis plan.

Plan assets $480,000

Projected benefit obligation 625,000

Accumulated OCI (PSC) 100,000 Dr.

Accumulated OCI (Gain/Loss) 85,000 Cr.

As a result of the operation of the plan during 2017, thefollowing additional data are provided by the actuary:

Service cost for 2017 $90,000

Settlement rate 9%

Actual return on plan assets in 2017 57,000

Expected return on plan assets 10%

Unexpected loss from change in projected benefit obligation, dueto change in actuarial predictions 76,000

Contributions in 2017 99,000

Benefits paid retirees in 2017 85,000

Avg. remaining service life (all employees) 12 years

1.Use the spreadsheet Pensions to prepare a pension worksheet.On the pension worksheet, compute pension expense, pensionasset/liability, projected benefit obligation, plan assets, priorservice cost, and net gain or loss.

2.Prepare the journal entry using the spreadsheet JournalEntries to record pension expense in 2017.

3.Indicate the reporting of the 2017 pension amounts in theincome statement and balance sheet using the spreadsheetPensions.

4.What is the amount of deferred pension gain or loss that thecompany will carry forward to 2018? Compute the same items as in(#1), assuming that the expected rate of return is 14% and theAccumulated OCI (Gain/Loss) is a Debit balance at January 1,2017.