For 2015 prepare the journal entry to record

P20-1 (2-Year Worksheet) On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.
	Projected benefits obligation		$4,500,000
	Fair value of plan assets		4,200,000

The interest (settlement) rate applicable to the plan is			10%	On January 1, 2015, the company amends its pension
agreement so that service costs of		$500,000	are created. Other data related to the pension plan are as follows:

				2014	2015
	Service costs			$150,000	$180,000
	Prior service costs amortization			0	90,000
	Contributions (funding) to the plan			240,000	285,000
	Benefits paid			200,000	280,000
	Actual return on plan assets			252,000	260,000
	Expected rate of return on assets			6%	8%

Instructions:
(a) Prepare a pension worksheet for the pension plan for 2014 and 2015.

(b) For 2015, prepare the journal entry to record pension-related amounts.

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