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At January 1, 2020, Pearl Company had plan assets of $292,600 and a projected benefit obligation of the same amount. During 2020, service cost was

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At January 1, 2020, Pearl Company had plan assets of $292,600 and a projected benefit obligation of the same amount. During 2020, service cost was $27,500, the settlement rate was 10%, actual and expected return on plan assets were $24.900, contributions were $19,600, and benefits paid were $18,000. Prepare a pension worksheet for Pearl Company for 2020. PEARL CO General Journal Entries Pension Expense Items Cash $

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