Exercise 20-03 Coronado Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $91,000 Contribution to the plan 104,000 Prior service cost amortization 9,400 Actual and expected return on plan assets 62,900 Benefits paid 39,900 Plan assets at January 1, 2020 630,400 Projected benefit obligation at January 1, 2020 701,800 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate 10 % 153,000 Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive.) CORONADO COMPANY Pension Worksheet-2020. General Journal Entries OCI Prior Service Cost Memo Record Annual Pension Expense Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Cash 71400 Cr. 701800 Cr. 630400 Dr. Balance, January 1, 2020 Service cost 91000|| Dr. V V 91000l Cr. Interest cost 70180|| Dr. V 70180|Cr. Actual return 62900|| Cr. V 62900|| Dr. Amortization of PSC 9400 Dr. 9400|| Cr. Contributions 10400dll Cr. 10400dll Dr. Benefits 39900|| Dr. 39900|| Cr. 2334801 104006 Cr. Journal entry for 2020 Dr. . V 9400ll Cr. 138880 Dr. V 823080 Cr. V 757400||| Dr. V Accumulated OCI, Dec. 31, 2019 674801 Balance, Dec. 31, 2020 82308dM Cr. 75740di Dr. V SHOW LIST OF ACCOUNTS Prepare the journal entry recording pension expense. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Pension Expense 341160 Pension Asset/Liability 138880 Cash 341160 Other Comprehensive 1 138880