Question: (Pension Worksheet) Hanson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the following balances related to this plan.
As a result of the operation of the plan during 2014, the actuary provided the following additional data for 2014.
Instructions: Using the preceding data, compute pension expense for Hanson Corp. for the year 2014 by preparing a pension worksheet that shows the journal entry for pension expense. Use the market-related asset value to compute the expected return and for corridor amortization.