Best Home Construction Corporation has a defined benefit pension plan. The December 31, 2019 data for this plan appear below. At 12/31/19: ($ in thousands) Pension benefit obligation Accumulated benefit obligation Plan assets ($6,000,000) ($5,000,000) $4,500,000 For 2020:($ in thousands) Amendment at 1/1/2020 - Prior Service cost $600,000 Service cost Cash contributions Retiree benefits paid $500,000 $800,000 $200,000 7% Settlement rate for liability Actual return on plan assets Expected return on plan assets 4% 6% The retirement of employees who are expected to benefit from the change in prior service is as follows Retirement Year 2020 2021 2022 2023 2024 2025 2026 2027 Total Number of Employees SO 100 400 900 1,000 1,200 2,000 3,000 8,650 Required: a Complete the pension worksheet b. Prepare the journal entry to record 2020 pension expense Meme Record General Journal Entries Other Compensive Income Prior Service Costs Gains Losses Anul Pension Expense Items Balance December 11.2019 Cash Pension Projected A Benefit LiabilityO bligation Plan As Journal entry for 2020 Other Comprehensive Income on December 31, 2019 Balance December 31, 2020 Journal Entries for 2020 Date Account Name acer Basa OPII