Cheyenne Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $615,000; projected benefit obligation $615,000. Other data relating to 3 years' operation of the plan are shown below. 2019 2021 2020 $48.000 $40,000 8 % $61,000 8 % 40.000 51.280 59,000 11,000 30,000 60,000 Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/20) Amortization of prior service cost Change in actuarial assumptions establishes a December 31, 2021, projected benefit obligation of: 25,000 45.000 32,000 283,000 38,000 55.000 1,025,000 Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Round answers to decimal places, eg. 5,125. Enter all amounts as positive.) Annual Pension Expense Cash Balance, Jan. 1. 2019 $ Service cost 40000 Dr. Interest cost 49200 Dr. Actual return 40000 Cr. Unexpected loss 9200 Cr. Contributions 11000 Benefits Journal entry for 2019 $ 40000 Dr. S 11000 Accumulated OCI. Dec 31, 2018 Balance, Dec 31, 2019 CHEYENNE COMPANY Pension Worksheet-2019, 2020, 2021 neral Journal Entries OCI-Prior OCI-Gain/ Service Cost Pension Asset/ Liability Loss $ $ 9200 Dr. 9200 Dr. 38200 $ 9200 Dr. 38200 Memo Record Projected Benefit Obligation Plan Assets $ 615000 $ 615000 Dr. 40000 CH . 49200 Cr. 40000 Dr. 11000 Dr. 25000 Dr. 25000 C. 679200 Cr. 641000 Dr. Additional PSC, 1/1/2020 Balance, Jan. 1. 2020 Service cost 48000 Dr. Interest cost 76976 Dr. Actual return 51280 Cr. Amortization of PSC 38000 Dr. Contributions 30000 Benefits Journal entry for 2020 111696 Dr. 30000 Accumulated OCI. Dec 31, 2019 Balance, Dec 31, 2020 283000 Dr.