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Current Attempt in Progress Nash Oil recelved the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension

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Current Attempt in Progress Nash Oil recelved the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2020. The service cont component of pension expense for employee services rendered in the current year amounted to $215,000 and the amortization of prior service cost was $267,280. The company's actual funding (contributions) of the plan in 2020 amounted to $157,000. The expected return on plan assets and the actual rate were both 8%, the interest (discount (settiement) rate was 8%. Accumulated OCi (PSC) had a batance of $3,341,000 on Janwary 1, 2020. Assume no benefits pald in 2020 . Determine the amounts of the components of pension expense that should be recognized by the compary in 2020 , iEnter amourts that reduce pension eqpense with either a negative sign preceding the number es. 45 or parenthesis eg. (45)) Prepare the fournal entry to record pension expense and the employer s contribution to the panslon plan in 2020 , (Gredit accoumt titles and enter ofor the ansaunts. (fo record pension expense and employer's contribution)

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