6 Not complete Marked out of 108.00 P Flag question Recording Pension Expense. Gains/Losses, Funding. Benefit Payments and Preparing Worksheet Amex Company started a noncontributory defined benefit pension plan on January 1, 2019. The records of Amex Company indicate the following for the year 2020 Account Balances Jan 1, 2020 Projected Benefit Obligation $30.000 Cr Plan Assets 27,500 Dr Accumulated OCI-Pension Gain/Loss 1,500 Activity 2020 Service cost $10,000 Interest cost interest rate, 10%) 3,000 Gain PBO due to change in actuarial assumption 2,000 Pension benefits paid 500 Actual earnings on plan assets same as expected return) 2,500 Plan funding payment contributions) 15.000 Financial Statement Amounts and Entries Pension Worksheet a Compute net pension expense for 2020 assuming that the January 1, 2020, Accumulated OCI--Pension Gain/Loss is amortized in 2020 over a 15-year average remain Pension expense, 2020 3 0 b. Prepare the 2020 pension expense, deferral of gain, funding, and benefits paid entries for Amex Company Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Date Account Name Dr. Cr. Dec 31, 2020 0 0 0 0 OOOOOO To record pension expense 0 Dec 31, 2020 0 RE MacBook Pro 2.000 so Gain in PO due to change in actuarial assumption Pension benefits paid Achalarning son plan same as expected returnd Plan funding payment contributions) 2.300 15.000 Financial Statement Amounts and Entries Pension Worksheet a Compute net pension expense for 2020 assuming that the January 1, 2020, Accumulated ci-Pension Gain/Loss is amortured in 2020 over a 15 year average remaining service period Pension expense, 2020 $ 0 b. Prepare the 2020 pension expense.deferral of gain, funding and benefits paid entries for Amex Company Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order Date Account Name Dr. Cr. Dec 31, 2020 0 0 *** OOOO . Toodete Dec 31, 2020 4 0 0 DO - MacBook Pro 80 BOR $ 4 8 7 6 5 0 3 2 U 0 E T R Y W G H J K F S D