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*Exercise 20-09 Sheridan Enterprises provides the following information relative to its defined benefit pension plan. $2,715,800 1,992,600 2,283,600 208,800 45,600 432,200 Balances or Values at

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*Exercise 20-09 Sheridan Enterprises provides the following information relative to its defined benefit pension plan. $2,715,800 1,992,600 2,283,600 208,800 45,600 432,200 Balances or Values at December 31, 2020 Projected benefit obligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/20 balance, 0) Pension liability Other pension plan data for 2020: Service cost Prior service cost amortization Actual return on plan assets Expected return on plan assets Interest on January 1, 2020, projected benefit obligation Contributions to plan Benefits paid $94,600 42,200 130,900 176,500 252,200 92,800 139,600 Prepare the note disclosing the components pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,000. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehensive income (loss) s Comprehensive income (loss) Compute the amount of accumulated other comprehensive income reported at December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Accumulated other comprehensive income (loss)

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