Using the information in E20-12 about Erickson Company’s defined benefit pension plan, prepare a 2015 pension worksheet with supplementary schedules of computations. Prepare the journal entries at December 31, 2015, to record pension expense and related pension transactions. Also, indicate the pension amounts reported in the statement of financial position.

Data From  E20-12 

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BE20-12 For 2015, Benjamin Inc. computed its annual postretirement expense as 240,900. Benjamin's con- tribution to the plan during 2015 was 160,000. Prepare Benjamin's 2015 entry to record postretirement expense.