3. The accountant for Vaden Corporation has developed the following information for the company's defined benefit pension plan for 2021: Service cost $650,000 Actual return on plan assets 315,000 Annual contribution to the plan 550,000 Amortization of prior service cost 32,000 Benefits paid to retirees 265,000 Settlement rate 6% Expected rate of return on plan assets 5% Balances at January 1, 2021 were Pension Asset/Liability of $400,000 (Cr); Projected Benefit Obligation -$8,150,000 (Cr); Plan Assets - $7,750,000 (Dr); Other Comprehensive Income - Prior Service Costs - $185,000 (Dr). Required: a. Complete the pension work sheet in Excel for 2021. b. Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2021.