Current Attempt in Progress

Blocsom Company racaived the following salected information from its pension plan trustes concerning the oparation of the

company's definad benafit pansion plan for the yaar anded Decamber $31,2025.$

The service cost component of pansion expense for emplayee services randersd in the current year amounted to $$75,000$ and the

amortization of prior service cost was $$121,300.$ The company's actual funding $($contributions$)$ of the plan in $2025$ amounted to

$$253,000.$ The expected return on plan assets and the actual rate wers both $10\%$; the intersst$/$discount $($settlement$)$ rate was $10\%.$

Accumulated other comprehensive income $($PSC$)$ had a balance of $$1,213,000$ on January $1,2025.$ Assume no benafits paid in $2025.$

$($a$)$

Correct Answer $($Used$)$

Determine the amounts of the components of pension expense that should be recognized by the company in $2025.($Enter amounts

that reduce pension expense with either a negative sign preceding the number e$.$g$.-45$ or parenthesis eg$.(45).)$

Components of Pension Expense

Senves Cost

Intarcit on Prolected Esnaft Oblbation

Expetad Rsturn on Plan Asasts

Amertination of Drier Sevies Cost

Paralan Expuras

$147,500$

$-80,000$

$121,300$

$

$($b$)$

Your anewer is partially correct.

Prspare the journal entry to racord pension expense and the employar's contribution to the pension plan in $2025.($Credit account

titles are outomatically 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. List all debit entries before credit entries.$)$

Account Titles and Explanation

Intarsit Experon

Ca$$h

Aceumulatad Othar Comersheralva Loas $($PSC$)$