Determining Funded Status, Recording Pension Expense, Preparing Worksheet Rico Corporation initiated a defined benefit pension plan on January 1, 2020. The plan does not provide any retroactive benefits for existing employees. The pension funding payment is made to the trustee on December 31 of each year. The following information is available for 2020 and 2021. 2020 2021 $165,000 $181,500 Service cost Funding payment (contribution) Interest on projected benefit obligation Actual and expected return on plan assets 187,000 203,500 16,500 19,800 Pension Worksheet Financial Statement Presentation and Entries a. In its December 31, 2020, balance sheet, Rico should report what amount of net pension asset/liability? Balance Sheet December 31, 2020 Noncurrent assets Net pension asset $ 0 Noncurrent liabilities Net pension liability S 0 b. In its December 31, 2021, balance sheet, Rico should report what amount of net pension asset/liability? Balance Sheet December 31, 2021 Noncurrent assets Net pension asses S 0 Noncurrent liabilities Net pension liability s 0 c. Prepare the journal entries to record pension expense and plan funding for 2021. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Date Dec. 31, 2021 Dec. 31, 20211 Cash Account Name Dr. To record pension expense To record plan funding Please answer all parts of the question. Cr. D D D