Blossom Corporation sponsors a defined benefit pension plan for its 100 employees. On January 1, 2020, the companys actuary provided the following information:

Pension plan assets (fair value)		$1,090,000
Defined benefit obligation		1,410,000

The actuary calculated that the present value of future benefits earned for employee services rendered in 2020 amounted to $213,200, the December 31, 2020 defined benefit obligation was $1,825,200, and the appropriate interest or discount rate was 11%. The plan assets generated a return of $80,600 during 2020. The company funded the 2020 current service cost as well as $106,600 of the past service costs recognized in a previous year; however, no benefits were paid during the year. Blossom Corporation is a private company and applies ASPE.

A)Prepare a schedule that indicates what the plans surplus or deficit is at December

B)Determine the pension expense that the company will recognize in 2020. C)Prepare the journal entries to record pension expense and the companys funding of the pension plan in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)