The following defined pension data of Rydell Corp. apply to the year 2014.

Projected benefit obligation, 1/1/14 (before amendment) $568,300

Plan assets, 1/1/14 546,800

Pension liability 21,500

On January 1, 2014, Rydell Corp., through plan amendment,

grants prior service benefits having a present value of 123,100

Settlement rate 9 %

Service cost 64,800

Contributions (funding) 65,700

Actual (expected) return on plan assets 53,000

Benefits paid to retirees 41,100

Prior service cost amortization for 2014 23,700

For 2014, prepare a pension worksheet for Rydell Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.