E20.10. eet) 5 Webb Corp. sponsors a defined benefit pension plan for its employees. On g balances relate to this plan. Plan assets $480,000 Projected benefit (pension Worksh January 1, 2012, the followin obligation 600,000 Pension asset/liability 120,000 Accumulated OCI (PSC) 100,000 As a result of the operation of the plan during 2012, the following additional data are provided by the actuary. Service cost for 2012-$90,000 Settlement rate, 9% Actual return on plan assets in 2012-55,000 Amortization of prior service cos-t 19,000 Expected return on plan assets -52,000 Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions - 76,000 Contributions in 2012 -99,000 Benefits paid retirees in 2012-85,000 Instructions (a) Using the data above, compute pension expense for Webb Corp. for the year 2012 by preparinga pension worksheet. (b) Prepare the journal entry for pension expense for 2012