Question: (Pension Worksheet) Larson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2015, the following balances related to this plan.
As a result of the operation of the plan during 2015, the actuary provided the following additional data for 2015.
Instructions: (a) Compute pension expense for Larson Corp. for the year 2015 by preparing a pension worksheet that shows the journal entry for pension expense.
(b) Indicate the pension amounts reported in the financial statements.