4. The following defined pension data of Sage Corp. apply to the year 2020.

Projected benefit obligation, 1/1/20 (before amendment)		$616,000
Plan assets, 1/1/20		601,600
Pension liability		14,400
On January 1, 2020, Sage Corp., through plan amendment, grants prior service benefits having a present value of		126,000
Settlement rate		9	%
Service cost		61,500
Contributions (funding)		61,000
Actual (expected) return on plan assets		54,800
Benefits paid to retirees		42,700
Prior service cost amortization for 2020		15,600

For 2020, do a pension worksheet for Sage Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. (Enter all amounts as positive.)

SAGE CORP. Pension Worksheet2020

General Journal Entries

Memo Record

Items

Annual Pension Expense

Cash

OCI-Prior Service Cost

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets

Balance, Dec. 31, 2019

$

Prior service cost

Balance, Jan. 1, 2020

Service cost

Interest cost

Actual return

Amortization of PSC

Contributions

Benefits

Journal entry for 2020

$

Accumulated OCI, Dec. 31, 2019

Balance, Dec. 31, 2020