Covert Plumbing had the following information related to their 2020 pension plan: Plan assets, January 1, 2020 Projected benefit obligation, January 1, 2020 Annual service cost Settlement rate Actual return on plan assets Funding contributions Benefits paid $350,000 $420,000 $23,000 896 $14,000 $17,000 $22,000 What would be the general journal entry to record funding on December 31, 2020? A 56,600 Pension Expense Cash Pension Asset/Liability 31,000 25,600 B Plan Assets Pension Asset/Liability Projected Benefit Obligation 9,000 25,600 34,600 42,600 Pension Expense Cash Pension Asset/Liability 17,000 25,600 Plan Assets Pension Asset/Liability Projected Benefit Obligation 359,000 95,600 454,600