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Defined Pension Benefit Plans1) On 1/1/2012 Stuart Company has the following defined pension plan balances. Projected benefits Obligation $5600000 Fair Value of Plan Assets $6400000The interest (Settlement) rate applicable to the plan is 9%. On 1/1/2013 the company amends its pension agreement so that service costs of $620000 are created. Other data related to the pension plan are as follows: 2012 2013Service Costs $180000 $195000Prior Service Costs Amortization 0 $97000Contributions (funding) to the plan $255000 $305000Benefits Paid $225000 $300000Actual Return on Plan Assets $320000 $515000Expected Rate of Return on Assets 5% 8%Instructions:a) Prepare a pension worksheet for the pension plan for 2012 and 2013.Harrington Company Pension Worksheet 2012 and 2013 General Journal Entries Memo Record Items Annual Pension Cash OCI-Prior OCI-Pension Projected Benefit Plan Expense Service Cost Gain/Loss Asset/Liability Obligation AssetsBalance 1/1/2012a) Service Costb) Interest Costc) Actual Returnd) Contributionse) BenefitsJournal entry 12/31/12Accum. OCI 12/31/11Balance 12/31/2012f) Additional PSC 1/1/2013g) Service Costh) Interest Costi) Actual Returnj) Unexpected lossk) Amortization of PSCl) Contributionsm) BenefitsJournal Entry 12/31/13Accum. OCI 12/31/12Balance 12/31/2013b) For 2013 prepare the journal entry to record pension-related amounts2) Jones Co. has the following post-retirement benefit plan balances on 1/1/2012Accumulated Postretirement benefit obligation $2535000Fair Value of Plan Assets $2535000The Interest (settlement) rate applicable to the plan is 8%. On 1/1/2013 the company amends the plan so that prior service costs of $185000 were created. Other data related to the pension plan are as follows: 2012 2013Service Costs $80000 $87000Prior Service Costs Amortization $0 $13000Contributions (funding) to the plan $47000 $38000Benefits Paid $41000 $43000Actual Return on Plan Assets $200000 $155000Expected Rate of Return on Assets 9% 7%Instructions:Prepare a worksheet for the postretirement plan for 2012 & 2013 Jones Co. Pension Worksheet 2012 & 2013 General Journal Entries Memo RecordItems Annual DR/ Cash DR/ OCI- Prior DR/ OCI- DR/ Pension DR/ Accum DR/ Plan DR/ Expense CR CR Service Cost CR Gain/Loss CR Asset/ CR Projected CR Assets CR Liability Benefit ObligationBalance 1/1/2012Service CostInterest CostActual ReturnUnexpected LossContributionsBenefitsJournal Entry 12/31/12Accum OCI 12/31/11Balance 12/31/2012Additional PSC 1/1/2013Balance 1/1/2013Service CostInterest CostActual ReturnUnexpected lossAmortization of PSCContributionsBenefitsJournal Entry 12/31/13Accum OCI 12/31/12Balance 12/31/2013b) Prepare any journal entries related to the postretirement plan that would be needed at 12/31/2012c) Prepare any journal entries related to the postretirement

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