Cheyenne Corporation is a privately owned company that uses ASPE. On January 1, 2020 Cheyenne's financial records indicated the following information related to the company's defined benefit pension plan: Defined Benefit Obligation $1,390,000 Pension Plan Assets 1,520,000 Cheyenne Corporation's actuary provided the following information on December 31, 2020: Current year service cost Prior service cost, granted Jan 1, 2020 Employer contributions for the year Benefits paid to retirees Expected return on assets Actual return on assets Discount rate $77,000 166,000 90,000 25,000 Prepare a pension worksheet for Cheyenne Corporation for 2020. General Journal Entries Memo Record Annual Pension Expense Net Defined Liability/ Asset Cash Defined Benefit Obligation 1390000 Plan Assets Balance, January 1, 2020 130000 Cr. 4 1520000 Dr. Current Service Cost 77000 Dr. 77000 Past Service Cost 166000 Dr. 166000 Net Interest/Finance Cost 12150 12150 Asset Remeasurement Gain/Loss Employer Contributions to Pension Fund 90000 90000 Dr. Benefits Paid to Retirees from Pension Fund 25000 Dr. 25000 Pension Expense Entry - 2020 Net Funding Entry 90000 Balance, December 31, 2020 Prepare pension plan journal entries for Cheyenne Corporation for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Pension Expense Net Defined Benefit Liability or Asset (To record pension expense) Net Defined Benefit Liability or Asset Cash (To record payment to the pension fund) e Textbook and Media List of Accounts What is the funded status for Cheyenne Corporation at December 31, 2020? Cheyenne's pension plan is underfunded by $ on December 31, 2020