Ivanhoe Company sponsors a defined benefit pension plan. The corporations actuary provides the following information about the plan.

		January 1, 2020		December 31, 2020
Vested benefit obligation		$1,530		$1,860
Accumulated benefit obligation		1,860		2,720
Projected benefit obligation		2,480		3,340
Plan assets (fair value)		1,690		2,640
Settlement rate and expected rate of return				10%
Pension asset/liability		790		?
Service cost for the year 2020				390
Contributions (funding in 2020)				690
Benefits paid in 2020				200

Prepare a 2020 pension worksheet.

Prepare the journal entries at December 31, 2020, to record pension expense and related pension transactions.

Indicate the pension amounts reported in the balance sheet.