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Psco Corpotasion insiated a defned benefis pensoon plan on january 1 of Year 1. The plan does not provide any retroactive benefits for existing employees. The pension funding payment is rode to the trustee on December 31 of each yea. The following information is awalasile for Year 1 and Year 2. Required 4. in is Decomber 3t of rear 1 busuce sheec, fico shovid report what amount of net penson assethiability? b. In its December 31 of Year 2 balance sheet, Rico should report what amoult 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. Note: Use negative numbers for credt arhounts