1. Kenosha's defined benefit pension plan was fully funded at 1/1/19, with a PBO and plan assets of $5,000,000. The settlement rate for the PBO is 8%. During 2019 the following occurred: $200,000 230,000 Benefits paid 210,000 280,000 Expected ROA rate 7% Current service cost Contributions Actual ROA On 1/1/20 the plan was amended such that $500,000 of prior service costs were created. During 2020 the following occurred: Current service cost Amortization of PSC Contributions Benefits paid Actual ROA Expected ROA rate $ 205,000 95,000 230,000 250,000 350,000 6% V Prepare pension worksheets for both 2019 and 2020 along with the appropriate journal entries. 1. Kenosha's defined benefit pension plan was fully funded at 1/1/19, with a PBO and plan assets of $5,000,000. The settlement rate for the PBO is 8%. During 2019 the following occurred: $200,000 230,000 Benefits paid 210,000 280,000 Expected ROA rate 7% Current service cost Contributions Actual ROA On 1/1/20 the plan was amended such that $500,000 of prior service costs were created. During 2020 the following occurred: Current service cost Amortization of PSC Contributions Benefits paid Actual ROA Expected ROA rate $ 205,000 95,000 230,000 250,000 350,000 6% V Prepare pension worksheets for both 2019 and 2020 along with the appropriate journal entries