At January 1, 2020, Splish Company had plan assets of $281,700 and a projected benefit obligation of the same amount. During 2020, service cost was $28,500, the settlement rate was 10%, actual and expected return on plan assets were $25,200, contributions were $20,400, and benefits paid were $18,400. Prepare a pension worksheet for Splish Company for 2020.

SPLISH COMPANY General Journal Entries Pension Expense Pension Asset/Liability Items Cash 1/1/20 Service cost 28500 Interest cost Actual return Contributions Benefits Journal entry, 12/31/20 $ Balance, 12/31/20 Memo Record Projected Benefit Obligation Plan Assets Dr