Exercise 20-15 (Part Level Submission) Culver Company provides the following selected information related to its defined benefit pension plan for 2020. Pension asset/liability (January 1) Accumulated benefit obligation (December 31) Actual and expected return on plan assets Contributions (funding) in 2020 Fair value of plan assets (December 31) Settlement rate Projected benefit obligation (January 1) Service cost $26,100 Cr. 396,400 9,900 150,000 802,900 10 % 705,200 80,290 (a) Your answer is partially correct. Try again. Compute pension expense. Pension expense for 2020 140910 Indicate the pension-related amounts that would be reported in the company's income statement and balance sheet for 2020. Culver Company Income Statement (Partial) For the Year Ended December 31, 2020 Culver Company Balance Sheet (Partial)