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Question 5 The accountant for Sandhill Corporation has developed the following information for the company's defined benefit pension plan for 2021: Service cost Actual return on plan assets Annual contribution to the plan Amortization of prior service cost Benefits paid to retirees Settlement rate Expected rate of return on plan assets $495,000 248,000 918,000 124,800 59,000 10% 8% The accumulated benefit obligation at December 31, 2021, amounted to $3,240,000. Using the above information for Sandhill Corporation, complete the pension work sheet for 2021. (Do not leave any answer field blank. Enter o for amounts.) Sandhil Corporation Pension Work Sheet-2021 General Journal Entries OCI-Prior OCI - Gain/ Service Cost Loss Annual Pension Expense Pension Asset/ Liability Cash Balance, Dec. 31, 2020 624,000 Service cost 495,000 Interest cost v 1 Actual return Question 5 The accountant for Sandhill Corporation has developed the following information for the company's defined benefit pension plan for 2021: Service cost Actual return on plan assets Annual contribution to the plan Amortization of prior service cost Benefits paid to retirees Settlement rate Expected rate of return on plan assets $495,000 248,000 918,000 124,800 59,000 10% 8% The accumulated benefit obligation at December 31, 2021, amounted to $3,240,000. Using the above information for Sandhill Corporation, complete the pension work sheet for 2021. (Do not leave any answer field blank. Enter o for amounts.) Sandhil Corporation Pension Work Sheet-2021 General Journal Entries OCI-Prior OCI - Gain/ Service Cost Loss Annual Pension Expense Pension Asset/ Liability Cash Balance, Dec. 31, 2020 624,000 Service cost 495,000 Interest cost v 1 Actual return