Baron Company adopted a defined benefit pension plan on January 1, 2018. The following information pertains to the pension plan for 2019 and 2020 : There are no other components of Baron's pension expense. Required: 1. Compute the amount of Baron's pension expense for 2019 and 2020. 2. Prepare the joumal entries to record the pension expense for 2019 and 2020 Chart of Accounts CHART OF ACCOUNTS Baron Company General Ledger ASSETS REVENUE 111 Cash 411 Sales Revenue 121 Accounts Receivable 141 Inventory EXPENSES 152 Prepaid Insurance 500 Cost of Goods Sold 181 Equipment 511 Insurance Expense 198 Accumulated Depreciation 512 Utilities Expense 521 Salaries Expense LIABILITIES 522 Pension Expense 211 Accounts Payable 532 Bad Debt Expense 231 Salaries Payable 540 Interest Expense 250 Unearned Revenue 541 Depreciation Expense 521 Salaries Expense LIABILITIES 522 Pension Expense 211 Accounts Payable 532 Bad Debt Expense 231 Salaries Payable 540 Interest Expense 250 Unearned Revenue 541 Depreciation Expense 251 Accrued/Prepaid Pension Cost 559 Miscellaneous Expenses 261 Income Taxes Payable 910 Income Tax Expense EQUITY 311 Common Stock 331 Retained Earnings Compute the amount of Baron's pension expense for 2019 and 2020. Prepare the joumal entries to record the pension expense for 2019 and 2020 on December 31 of each year. General Joumal Instructions