Blossom Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2025, the following balances related to this plan. Plan assets (market-related value) $565,000 Projected benefit obligation Pension asset/liability Prior service cost Net gain or loss (debit) Service cost 647,000 82,000 Cr. Contributions 83,000 As a result of the operation of the plan during 2025, the actuary provided the following additional data for 2025. 93,000 Settlement rate, 9%; expected return rate, 10% Actual return on plan assets Amortization of prior service cost Benefits paid retirees Average remaining service life of active employees $105,000 45,000 27,000 145,000 80,000 10 years

Blossom Corp. sponsors a defined benefit pension plan for its employees. On January 1,2025, the following balances related to this. plan. As a result of the operation of the plan during 2025, the actuary provided the following additional data for 2025. Your answer is correct. Use the market-related asset value to compute the expected return and for corridor amortization. Expected return Corridor amortization Items Balance, Jan. 1, 2025 Service cost Interest cost Actual return Unexpected loss Amortization of PSC Amortization of loss Contributions Benefits Journal entry for 2025 Accumulated OCI, Dec. 31,2024 Annual Pension Expense Cash $ s Pension Worksheet-2025 General Journal Entries OCl-Prior Service Cost OCl-Gain/ Loss $ Penison Asset/ Liability $ $ $