Culver Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2020 in which no benefits were paid. 1. The actuarial present value of future benefits earned by employees for services rendered in 2020 amounted to $56,000. 2. The companys funding policy requires a contribution to the pension trustee amounting to $145,023 for 2020. 3. As of January 1, 2020, the company had a projected benefit obligation of $894,700, an accumulated benefit obligation of $803,700, and a debit balance of $397,300 in accumulated OCI (PSC). The fair value of pension plan assets amounted to $595,600 at the beginning of the year. The actual and expected return on plan assets was $53,900. The settlement rate was 9%. No gains or losses occurred in 2020 and no benefits were paid. 4. Amortization of prior service cost was $49,500 in 2020. Amortization of net gain or loss was not required in 2020. (a) Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense select a component of Pension Expense $enter a dollar amount select a component of Pension Expense enter a dollar amount select a component of Pension Expense enter a dollar amount select a component of Pension Expense enter a dollar amount select a component of Pension Expense $enter a total amount eTextbook and Media List of Accounts Attempts: 0 of 5 used (b) Prepare the journal entry or entries to record pension expense and the employers contribution to the pension trustee in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount eTextbook and Media List of Accounts Attempts: 0 of 5 used (c) Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Culver Company for the year 2020. Culver Company Income Statement (Partial) choose the accounting period select an income statement item select an income statement item $enter a dollar amount Culver Company Comprehensive Income Statement choose the accounting period select a comprehensive income item $XXXX select an opening section name select a comprehensive income item enter a dollar amount select a closing name for this statement $XXXX Culver Company Balance Sheet (Partial) choose the accounting period select an opening name for section one select a balance sheet item $enter a dollar amount select an opening name for section two select a balance sheet item $enter a dollar amount