January 1, 2020 $1,530 1,900 2.540 1.740 800 December 31, 2020 $1,900 2,790 3,340 2,610 10% ? 400 700 200 OCI - Gain/ Pension Asset/ Loss Liability Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2020 Contributions (funding in 2020) Benefits paid in 2020 Annual Pension Items Expense Balance, pon. 1, 2020 Service cost Projected Benefit Obligation Plan Assets Cash $ Interest cost Actual return Unexpected gain Contributions Benefits Liability increase Journal entry for 2020 $ Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 Debit Credit Crane Company's Balance Sheet (Partial) Date Account Titles and Explanation Dec 31, 2020 January 1, 2020 $1,530 1,900 2.540 1.740 800 December 31, 2020 $1,900 2,790 3,340 2,610 10% ? 400 700 200 OCI - Gain/ Pension Asset/ Loss Liability Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (fair value) Settlement rate and expected rate of return Pension asset/liability Service cost for the year 2020 Contributions (funding in 2020) Benefits paid in 2020 Annual Pension Items Expense Balance, pon. 1, 2020 Service cost Projected Benefit Obligation Plan Assets Cash $ Interest cost Actual return Unexpected gain Contributions Benefits Liability increase Journal entry for 2020 $ Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 Debit Credit Crane Company's Balance Sheet (Partial) Date Account Titles and Explanation Dec 31, 2020