Martinez Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2020 $2,496,000

Fair value of pension plan assets, December 31, 2020 2,821,000

Contributions to the plan in 2020 291,000

Benefits paid retirees in 2020 366,000

From the data above, compute the actual return on the plan assets for 2020.

Actual return on plan assets for 2020 $???

Windsor Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2020.

January 1, 2020 December 31, 2020

Projected benefit obligation $1,491,000 $1,517,000

Market-related and fair value of plan assets 804,000 1,138,400

Accumulated benefit obligation 1,587,000 1,704,700

Accumulated OCI (G/L)Net gain 0 (199,100)

The service cost component of pension expense for employee services rendered in the current year amounted to $76,000and the amortization of prior service cost was $117,700. The company's actual funding (contributions) of the plan in 2020 amounted to $254,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,177,000on January 1, 2020. Assume no benefits paid in 2020.

Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amounts that reduce pension expense with either a negative sign)

Components of Pension Expense

(a)$

(b)$

(c)$

(d)$

$

Show the journal entry to record pension expense and the employer's contribution to the pension plan in 2020.

Account Titles and Explanation Debit Credit

(a)

(b)

(c)

(d)

(e)

(To record pension expense and employer's contribution)

Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Windsor Company for the year 2020.

Windsor Company

Income Statement (Partial)

(A)

(B)$

(C)

(D)$

Windsor Company

Comprehensive Income Statement

(A)$XXX

(B)

(C)$

(D)$__

$

(E)$XXX

Windsor Company

Balance Sheet (Partial)

(A)

(B)$

(C)

(D)$

(E)$

Teal Co. provides the following information about its postretirement benefit plan for the year 2020.

Service cost $83,900

Prior service cost amortization 3,100

Contribution to the plan 51,000

Actual and expected return on plan assets 67,100

Benefits paid 42,700

Plan assets at January 1, 2020 697,300

Accumulated postretirement benefit obligation at January 1, 2020 756,400

Accumulated OCI (PSC) at January 1, 2020 103,300 Dr.

Discount rate 8%

Compute the postretirement benefit expense for 2020.

Postretirement benefit expense: ????