Cullumber Company received the following selected information from its pension plan trustee concerning the operation of the companys defined benefit pension plan for the year ended December 31, 2020.

		January 1, 2020		December 31, 2020
Projected benefit obligation		$1,508,000		$1,537,000
Market-related and fair value of plan assets		807,000		1,138,700
Accumulated benefit obligation		1,581,000		1,702,800
Accumulated OCI (G/L)Net gain		0		(200,800	)

The service cost component of pension expense for employee services rendered in the current year amounted to $79,000 and the amortization of prior service cost was $121,800. The companys actual funding (contributions) of the plan in 2020 amounted to $251,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,218,000 on January 1, 2020. Assume no benefits paid in 2020.

Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Cullumber Company for the year 2020.

Cullumber Company Income Statement (Partial) December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
DividendsOperating ExpensesNet Income / (Loss)Retained Earnings January 1, 2020Retained Earnings December 31, 2020RevenuesTotal ExpensesTotal RevenuesOther Income / Expenses
Amortization of PSCInterest ExpensePension ExpenseRent ExpenseService Cost		$
DividendsOperating ExpensesNet Income / (Loss)Retained Earnings January 1, 2020Retained Earnings December 31, 2020RevenuesTotal ExpensesTotal RevenuesOther Income / Expenses
Amortization of PSCInterest ExpensePension ExpenseRent ExpenseService Cost		$

Cullumber Company Comprehensive Income Statement December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
DividendsExpensesNet Income / (Loss)Retained Earnings January 1, 2020Retained Earnings December 31, 2020RevenuesTotal ExpensesTotal Revenues		$XXXX
Amortization of PSCComprehensive IncomeInterest ExpenseLiability GainPension ExpenseRent ExpenseService CostOther Comprehensive Income (Loss)
Amortization of PSCComprehensive IncomeInterest ExpenseLiability GainPension ExpenseRent ExpenseService CostOther Comprehensive Income (Loss)	$
Amortization of PSCComprehensive IncomeInterest ExpenseLiability GainPension ExpenseRent ExpenseService CostOther Comprehensive Income (Loss)
Amortization of PSCComprehensive IncomeInterest ExpenseLiability GainPension ExpenseRent ExpenseService CostOther Comprehensive Income (Loss)		$XXXX

Cullumber Company Balance Sheet (Partial) December 31, 2020For the Year Ended December 31, 2020For the Quarter Ended December 31, 2020
Current AssetsLiabilitiesIntangible AssetsProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accounts PayableAccounts ReceivableAccumulated DepreciationAccumulated Other Comprehensive Income (G/L)Accumulated Other Comprehensive Loss (G/L)Accumulated Other Comprehensive Income (PSC)Accumulated Other Comprehensive Loss (PSC)Common StockPension LiabilityRetained Earnings			$
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accounts PayableAccounts ReceivableAccumulated DepreciationAccumulated Other Comprehensive Income (G/L)Accumulated Other Comprehensive Loss (G/L)Accumulated Other Comprehensive Income (PSC)Accumulated Other Comprehensive Loss (PSC)Common StockPension LiabilityRetained Earnings			$
Accounts PayableAccounts ReceivableAccumulated DepreciationAccumulated Other Comprehensive Income (G/L)Accumulated Other Comprehensive Loss (G/L)Accumulated Other Comprehensive Income (PSC)Accumulated Other Comprehensive Loss (PSC)Common StockPension LiabilityRetained Earnings