(10 minutes; 20 points) Use the information below to answer the following questions related to pensions. Show your work to enable me to provide you with partial credit, and clearly label your answer. The following information pertains to Strait Company's pension plan: Projected Benefit Obligation, 1/1/2019 Projected Benefit Obligation, 12/31/2019 Service Cost, 2019 Fair Value of Plan Assets, 1/1/2019 Fair Value of Plan Assets, 12/31/2019 Cumulative Net Actuarial Loss, 1/1/2019 Discount Rate Expected Return on Plan Assets Average Remaining Service Lives of Employees *** Before any prior service cost is recognized $1,330,000 ** $2,220,000 $ 107,000 $1,250,000 $1,450,000 $ 300,000 10% 8% 20 years In addition to the information presented above, Strait Company amended their pension plan on 1/1/2019, which triggered $500,000 of unrecognized prior service cost. The company uses the corridor approach to determine how much actuarial gain or loss to amortize and plans to amortize prior cons In addition to the information presented above. Strait Company amended their pension plan on 1/1/2019, which triggered $500,000 of unrecognized prior service cost. The company uses the corridor approach to determine how much actuarial gain or loss to amortize and plans to amortize the prior service cost and any actuarial gain or loss using the straight-line method over the average remaining service lives of its employees. 10 pts Question 13 Calculate pension expense for Strait Company for 2019. Be sure to show your work for partial credit. Edit View Insert Format Tools Table 12pt Paragraph BIU A: Prepare the 12/31/2019 journal entry to record pension expense assuming the company contributes $200,000 to the plan at the end of 2019. Edit View Insert Format Tools Table 12pt Paragraph B IUA Prepare the 12/31/2019 journal entry/entries to reflect the amortization that was included in pension expense (if any). Edit View Insert Format Tools Table 12ptv Paragraph B IUA