Lemke SA sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2019 and 2020.

Instructions

a. Prepare a pension worksheet presenting both years 2019 and 2020.

b. Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.

c. For 2020, indicate the pension amounts reported in the financial statements?