Employer journal entry for Defined Benefit Pension The city of Stewart has a single-employer defined benefit pension plan to provide retiree pension benefits to its Electric Utility Enterprise Fund employees. The plan is administered in a trust that meets the GASB requirements. The city of Stewart contributed $1,600,000 cash to the pension plan during the fiscal year ending December 31, 2022. Assume that the actuary for the city of Stewarts Electric Utility Enterprise Fund measures its net pension liability on December 31, 2022, which is its fiscal year-end. The actuary provides the following additional information in its reporting package to the city of Stewarts accounting department for its use in preparing the Electric Utility Enterprise Funds December 31, 2022 financial statements. Actuarial Provided Account Information Fiscal Year Ending Fiscal Year Ending December 31, 2021 December 31, 2022 Net pension liability $6,100,000 $6,200,000 Deferred inflow of resourcesinvestment gain 180,000 90,000 Deferred inflow of resourcesdemographic factors 210,000 180,000 Deferred outflow of resourceseconomic factors 400,000 350,000 Prepare the journal entry to record the pension related activity, including the pension expense, for the city of Stewarts Electric Utility Enterprise Fund for its 2022 fiscal year. Enter the accounts in order of magnitude (largest to smallest balances), debits first.

	Account	Debit	Credit
	Cash Deferred inflow of resources demographic factorsDeferred inflow of resourcesinvestment gainDeferred outflow or resourceseconomic factorsNet pension liabilityPension expense		Answer
	Cash Deferred inflow of resources demographic factorsDeferred inflow of resourcesinvestment gainDeferred outflow or resourceseconomic factorsNet pension liabilityPension expense		Answer
	Cash Deferred inflow of resources demographic factorsDeferred inflow of resourcesinvestment gainDeferred outflow or resourceseconomic factorsNet pension liabilityPension expense		Answer
	Cash Deferred inflow of resources demographic factorsDeferred inflow of resourcesinvestment gainDeferred outflow or resourceseconomic factorsNet pension liabilityPension expense		Answer
	Cash Deferred inflow of resources demographic factorsDeferred inflow of resourcesinvestment gainDeferred outflow or resourceseconomic factorsNet pension liabilityPension expense		Answer
	Cash Deferred inflow of resources demographic factorsDeferred inflow of resourcesinvestment gainDeferred outflow or resourceseconomic factorsNet pension liabilityPension expense		Answer
	To record pension related activity for 2022.