Crane Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost $226,100 Contribution to the plan 262,900 Past service cost, effective December 31, 2020 25,550 Actual return on plan assets 159,600 Benefits paid 105,100 Net defined benefit liability at January 1, 2020 420,000 Plan assets at January 1, 2020 1,596,000 Defined benefit obligation at January 1, 2020 2,016,000 Interest/discount rate on the DBO and plan assets 10% Crane follows IRFS. Pension Work Sheet-2020 General Journal Entries Annual Pension Expense Cash $ S Balance 01/01/2020 Service cost Service cost > Past service cost Expense entry $ Contribution entry $ Balance, 12/31/2020 Net Def. Benefit Liab/Asset Defined Benefit Obligation Plan Assets $ > $ > > >