Exercise 20-11 Marin Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2017 in which no benefits were paid. 1. The actuarial present value of future benefits earned by employees for services rendered in 2017 amounted to $56,200. 2. The company's funding policy requires a contribution to the pension trustee amounting to $155,550 for 2017, 3. As of January 1, 2017, the company had a projected benefit obligation of $907,500, an accumulated benefit obligation of $806,300, and a debit balance of $399,400 in accumulated OCI (PSC), fair value of pension plan assets amounted to S60 3,700 at the beginning of the year. The actual and expected return on plan assets was $53,600. The settlement rate was 10%. No gain losses occurred in 2017 and no benefits were paid 4. Amortization of prior service cost was $50,100 in 2017, Amortization of net gain or loss was not required in 2017 Determine the amounts of the components of pension expense that should be recognized by the company in 2017. (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 Prepare the journal entry or entries to record pension expense and the employer's contribution to the pension trustee in 2017. (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 tities and enter O for the amounts) Account Titles and Explanation Debit Credit Indicate the pension-related amounts that would be reported on the incon statement and the balance sheet for Mann Company for the year 2017 Marin Company Income Statement (Partial) Marin Company Comprehensive Income Statement sXxxX xxxX Marin Company Balance Sheet (Partial)