Hollister Company amended its defined benefit pension plan at the beginning of 2020 and recognized prior service cost of $1,700,000. The company has collected the following additional information for the year 2020:

Service cost $400,000

Interest on the PBO 190,000

Amortization of prior service cost 170,000

Actual and expected return on plan assets 110,000

Plan funding was $700,000. Benefit payments to retirees totaled $390,000. The net increase to the PBO for 2020 is

Select one:

$650,000.

$770,000.

$1,730,000.

$1,900,000.

Plan funding was $700,000. Benefit payments to retirees totaled $390,000. The net increase to the PBO for 2020 is

Select one:

$650,000.

$770,000.

$1,730,000.

$1,900,000.

Plan funding was $700,000. Benefit payments to retirees totaled $390,000. The net increase (decrease) to Plan Assets for 2020 is

Select one:

$650,000.

$420,000.

$310,000.

$110,000.

Plan funding was $700,000. Benefit payments to retirees totaled $390,000. The journal entry on Hollisters books to record 2020 pension expense will include

Select one:

a debit to Accumulated OCI (PSC) for $1,700,000.

a debit to Pension Expense for $480,000.

a credit to Cash for $700,000.

a debit to Plan Assets for $700,000.