At the end of 2019, the balances in the accounts related to the defined benefit pension plan of the Warren Company were as follows: Projected benefit obligation 1,320,000 Unrecognized prior service cost (remainder to be amortized over 12 years) 110,000 Unrecognized net loss 192,000 Plan assets (at fair value) 1,047,500 On 1/1/20, Warren amended the plan to provide an increased amount of pension benefits; the prior service cost resulting from this amendment was $70,000. At 1/1/20, the average remaining service life of employees expected to receive benefits was 12 years. The following information relates to the year 2020: Service Cost 175,500 Settlement rate 7% Expected rate of return on plan assets 6% Plan contribution (at year-end) 158,000 Benefit payments to retirees (at year-end) 135,000 In 2020, Warrens actual return on plan assets was $75,000. Warren follows a policy of recognizing gains/losses on a delayed basis using the "corridor approach". At the end of 2020, there was one change in the estimates and assumptions relating to computation of the projected benefit obligation, resulting in a decrease in the PBO of $35,000. Required: a. Prepare Warrens pension worksheet, and prepare the journal entry that Warren would make to record the expense calculated. b. Prepare the pension note required for the 12/31/20 financial statements.