1. (25 pts) Rollo Company maintains a defined benefit pension plan with First Cranston Trust. Below are the balances reported by First Cranston on January 1, 2020. Planned Benefit Obligation Plan Assets $520,000 $650,000 At the beginning of 2020, First Cranston Trust informed Rollo that due to amending the program for prior service for new employees, they need to deposit $180,000. Other matters for 2020 were: The settlement rate is 10%. Current service cost is $40,000. Expected earnings are 10% on beginning of the year Plan Assets. Actual earnings are $62,000. Prior service cost amortization is $25,000. First Cranston Trust paid retirement benefits of $35,000. Rollo funded the plan $120,000. Prepare a pensions worksheet below: b. Prepare the pension journal entry for the year. Dr. Cr