At January 1, 2020, Flounder Company had plan assets of $274,800 and a projected benefit obligation of the same amount. During 2020, service cost was $27,400, the settlement rate was 10%, actual and expected return on plan assets were $26,100, contributions were $19,900, and benefits paid were $17,600. Prepare a pension worksheet for Flounder Company for 2020.

FLOUNDER COMPANY
		General Journal Entries									Memo Record
Items		Pension Expense			Cash			Pension Asset/Liability			Projected Benefit Obligation			Plan Assets
1/1/20
Service cost
Journal entry, 12/31/20			.
Balance, 12/31/20