5: Complete this Pension Expense Worksheet and Record Pension Expense for 2020 PENSION WORKSHEET 2020 SPONSOR'S BOOKS General Journal Entries PENSION PLAN Memorandum Record Annual Projected Pension OCI Items Expense Cash PSC Pension Asset/Liability Benefit Obligation Plan Assets Journal Entry for 2020 Balance, Dec. 31, 2020 Pension Information for 2020: Text Plan Assets at December 31, 2019 1,000,000 Projected Benefit Obligation at December 31, 2019 1,200,000 Plan Amended at January 1, 2020: Prior Service Cost 600,000 Service Cost 100,000 Actual Return on Plan Assets: Gain 30,000 Amortization of PSC 150,000 Cash Contributions 400,000 Benefits Paid to Retirees Settlement Rate 200,000 10% Journal Entry to Record Pension Expense for 2020