Refer to the information for Spath Company below. In the journal entry to record pension expense, what is the amount of the credit entry to accrue pension cost on December 31?

Spath Company adopted a noncontributory defined benefit pension plan on January 1, 2019. Spath uses the benefit/ years-of-service method, which results in the following information:

The actual rate of return is equal to the expected return, and the company has not made any payments to retirees.

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2019 2020 $ 60,000 $ 60,000 $ 66,000 $126,000 a. $ b. $60,000 c. $60,000 d. $60,000 2019 2020 Service cost Amount funded Discount rate Expected rate of return $ 300,000 $ 450,000 390,000 240,000 10% 10% 10% 10%