In order to record a benefit payment of $40,000 to retirees under a defined benefit plan, the sponsoring company of the plan would Select one O a. Debit Pension Expense for $40,000 and credit Plan Assets for $40,000 b. Debit Pension Expense for $40,000 and credit Cash for $40,000. c. Debit Projected Benefit Obligation for $40,000 and credit Plan Assets for $40,000 d Debit Projected Benefit Obligation for $40,000 and credit Cash for 540,000