At January 1, 2025, Henry Company had plan assets of $280,000 and a projected benefit obligation of the same amount. During 2025 , service cost was $27,500, the settlement rate was 10%, actual and expected return on plan assets were $25,000, contributions were $20,000, and benefits paid were $17,500. Instructions a) Prepare a pension worksheet for 2025. b) Prepare the related journal entry