At January 1, 2020, QWS Company had plan assets of $278,000 and a projected benefit obligation of the same amount. During 2020, service cost was $28,200, the settlement rate was 10%, actual and expected return on plan assets were $26,100, contributions were $20,200, and benefits paid were $17,700. Prepare a pension worksheet for QWS Company for 2020.

QWS COMPANY
		General Journal Entries									Memo Record
Items		Pension Expense			Cash			Pension Asset/Liability			Projected Benefit Obligation			Plan Assets
1/1/20
Service cost
Interest cost
Actual return
Contributions
Benefits
Journal entry, 12/31/20
Balance, 12/31/20