Eroblem Reymend inc, sponsors a defined benefit penelon plan for its employees. Rewmond Inc. reported Net Penwion Uability of $60 milion on its balance sheet a of December 31, 2018. There were no retrosetve charget to the penslon plan during 2019. Due to changes in penilen assumptens there was a loss on FeO of 516 milion in 2019. Additional information for the penalon plan is as follows (the fiscal year endi in Decembert. 1. Record the joumal entry for pension exgense for 2019, (10 points) Problem2 Raymond Inc. sponsors a defined benefit pension plan for its employees. Raymond Inc reported Net Pension Lability of $60 million on its balance sheet as of December 31,2018 . There were no retroactive changes to the pension plan during 2019. Due to changes in pension assumptions there was a loss on PBO of $16million in 2019. Raymond inc. amortizes prior service cost using a straight line and amortizes net losses (gains) on PBO over 10 years. Additional information for the pension plan is as follows (the fiscatyear ends in December). Eroblem Reymend inc, sponsors a defined benefit penelon plan for its employees. Rewmond Inc. reported Net Penwion Uability of $60 milion on its balance sheet a of December 31, 2018. There were no retrosetve charget to the penslon plan during 2019. Due to changes in penilen assumptens there was a loss on FeO of 516 milion in 2019. Additional information for the penalon plan is as follows (the fiscal year endi in Decembert. 1. Record the joumal entry for pension exgense for 2019, (10 points) Problem2 Raymond Inc. sponsors a defined benefit pension plan for its employees. Raymond Inc reported Net Pension Lability of $60 million on its balance sheet as of December 31,2018 . There were no retroactive changes to the pension plan during 2019. Due to changes in pension assumptions there was a loss on PBO of $16million in 2019. Raymond inc. amortizes prior service cost using a straight line and amortizes net losses (gains) on PBO over 10 years. Additional information for the pension plan is as follows (the fiscatyear ends in December)