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Determining Funded Status, Recording Pension Expense, Preparing Worksheet Roco Corporation initated a defined benefit pension plan en fanuary t of Vear t. The plan does not provide ary retroactive benefits for existing employees. The pension funding payment is made to the trustee on December 31 of each year. The following information is available for Year 1 and Year 2. Required a. in iss becember 31 of Year 1 balance steet. Fico strould report what amount of net penson asset/lability? b. In is December 31 of Vear 2 balance sheet, Rico should report whut ameumt of net persion asselliability? c. Prepare the journal entries to record (1) penson expense and (2) plan funding for Vear 2 d Create a warkaheet to summarize the penson data as the end of Year 2. In its December 31 of Year 1 balance sheet, Rico should report what amount of net pensin asset/liability? Note: Use a negative sign for a net pension liability. b. In its December 31 of Year 2 balance sheet, Rico should report what amount of net pension asset/liability? Note: Use a negative sign for a net pension liability. c. Prepare the journal entries to record (1) pension expense and (2) plan funding for Year 2. d. Create a worksheet to summarize the pension data at the end of Year 2 Note: Use negative numbers for credit amounts