Crane Corporation provides the following information about its defined Enefit pension plan for the year 2020: Current service cost $225,300 Contribution to the plan 263,300 Past service cost, effective December 31, 2020 25,700 Actual return on plan assets 159,800 Benefits paid 101,100 Net defined benefit liability at January 1, 2020 422,000 Plan assets at January 1, 2020 1,598,000 Defined benefit obligation at January 1, 2020 2,020,000 10% Interest/discount rate on the DBO and plan assets General Journal Entries Annual Pension Expense Cash $ C Balance 01/01/2020 > Service cost > Past service cost > Net interest/finance cost Contributions Benefits paid Expense entry Memo Record Net Def. Benefit Liab/Asset Defined Benefit Obligation Plan Assets $ > > > > > > Past service cost Net interest/finance cost Contributions * Benefits paid $ Expense entry $ Contribution entry Balance, 12/31/2020