Citroen Company provides the following information about its defined benefit pension plan for the year 2021.

Service cost	$79,000
Contribution to the plan	92,000
Prior service cost amortization	9,500
Actual and expected return on plan assets	61,000
Benefits paid	50,000
Plan assets at January 1, 2021	720,000
Projected benefit obligation on January 1, 2021	770,000
Accumulated OCI (PSC) on January 1, 2021	120,000
Interest/discount (settlement) rate	9%

a. Prepare a pension worksheet using the provided spreadsheet.

b. Prepare the journal entry recording pension expense.

D B C E F N P 1 2 G . K M CITROEN COMPANY Pension Worksheet -- 2021 General Journal Entries Memo Record OCI - Prior Pension Asset/ Projected Benefit Cash Service Cost Liability Obligation Plan Assets 3 Annual Pension Expense 5 6 4 Items Balance, Jan. 1, 2021 Service cost 7 Interest cost 8 Actual return 9 Amortization of PSC 10 Contributions 11 Benefits 12 Journal entry for 2021 13 Accum OCI, 12/31/2020 14 Balance, Dec. 31, 2021 15