ge 2: Howard Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan. Plan assets (fair value) $2,200,000 Projected benefit obligation 2,400,000 Pension asset/liability 200,000 Cr. Prior service cost 300,000 AOCI - Loss 260,000 age 3: As a result of the operation of the plan during 2021, the actuary provided the following additional data at December 31, 2021. Service cost for 2021 $280,000 Actual return on plan assets in 2021 180,000 Amortization of prior service cost 60,000 Contributions in 2021 460,000 Benefits paid retirees in 2021 320,000 Settlement rate 7% Expected return rate Average remaining service life of active employees 10 years Instructions astructions Prepare the pension worksheet for the year 2021 and answer following questions. You need to upload your pension worksheet on dropbox to receive full credit on this problem. (Worksheet carries 10 points) (a) The pension expense for Howard Corp. for the year 2021 is blank #1) (b) The amount of AOCI - loss amortized during 2021 is __ (blank #2) (c) The net pension asset/liability balance at the end of the year is (blank w3). Also indicate if it is a net credit or debit balance. ..in the balance is a debit balance of $200,000 then your answer in the blank would be $200,000 Debit (d) The ending balance of AOCI - Gain/Loss account is (blank #4). Also indicate if it is a net credit or debit balance, e.g. if the balance is a debit balance of $200,000 then your answer in the blank would be $200,000 Debit