3.05 / 4 5 Question 3 of 7 your answer is partially correct At January 1, 2020, Sandhill Company had plan assets of $303,000 and a projected benefit obligation of the same amount. During 2020. service cost was $27,100, the settlement rate was 10%, actual and expected return on plan assets were $25,700, contributions were $20,000, and benefits paid were $17.700. Prepare a pension worksheet for Sandhill Company for 2020. SANDHI General Journal Entries Items Pension Expense i Cash $ > $ 1/1/20 Dr. Service cost Dr. Interest cost Cr. Actual return Contributions Benefits $ Dr. Cr. Journal entry. 12/31/20 Balance, 12/31/20 Question 3 of 7 3.05/4 E Your answer is partially correct. At January 1, 2020, Sandhill Company had plan assets of $303,000 and a projected benefit obligation of the same amount. During 2020, service cost was $27,100, the settlement rate was 10%, actual and expected return on plan assets were $25,700, contributions were $20,000, and benefits paid were $17,700. Prepare a pension worksheet for Sandhill Company for 2020. DMPANY Memo Record Pension Asset/Liability Projected Benefit Obligation Plan Assets Cr. Dr i Cr Cr. De 1 i De Cr, $ Cr. $ C dty