Monty Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2020 and 2021.

		2020			2021
Projected benefit obligation, January 1		$597,300
Plan assets (fair value and market-related value), January 1		410,200
Pension asset/liability, January 1		187,100	Cr.
Prior service cost, January 1		160,000
Service cost		40,300			$58,500
Settlement rate		10	%		10	%
Expected rate of return		10	%		10	%
Actual return on plan assets		35,600			61,300
Amortization of prior service cost		69,500			50,300
Annual contributions		98,000			80,500
Benefits paid retirees		31,500			53,930
Increase in projected benefit obligation due to changes in actuarial assumptions		87,500			0
Accumulated benefit obligation at December 31		723,300			793,800
Average service life of all employees					20 years
Vested benefit obligation at December 31					467,700

Prepare a pension worksheet presenting both years 2020 and 2021. (Round answers to 0 decimal places, e.g. 5,125. Enter all amounts as positive.)

Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

For 2021, indicate the pension amounts reported in the financial statements. (Round answers to 0 decimal places, e.g. 5,125.)

Monty Company Income Statement (Partial) December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021
DividendsOperating ExpensesNet Income / (Loss)Retained Earnings, January 1, 2021Retained Earnings, December 31, 2021RevenuesTotal ExpensesTotal RevenuesOther Income / Expenses
Amortization of Loss Asset Gain (Loss) Comprehensive Income (Loss) Liability Gain (Loss) Pension Expense Prior Service Cost Amortization Other Comprehensive Income (Loss)		$
DividendsOperating ExpensesNet Income / (Loss)Retained Earnings, January 1, 2021Retained Earnings, December 31, 2021RevenuesTotal ExpensesTotal RevenuesOther Income / Expenses
Amortization of LossAsset Gain (Loss)Comprehensive Income (Loss)Liability Gain (Loss)Pension ExpensePrior Service Cost AmortizationOther Comprehensive Income (Loss)		$

Monty Company Comprehensive Income Statement December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021
DividendsExpensesNet Income / (Loss)Retained Earnings, January 1, 2021Retained Earnings, December 31, 2021RevenuesTotal ExpensesTotal Revenues				$ XXX
Amortization of LossAsset Gain (Loss)Comprehensive Income (Loss)Liability Gain (Loss)Pension ExpensePrior Service Cost AmortizationOther Comprehensive Income (Loss)
Amortization of Loss Asset Gain (Loss) Comprehensive Income (Loss) Liability Gain (Loss) Pension Expense Prior Service Cost Amortization Other Comprehensive Income (Loss)		$
Amortization of Loss Asset Gain (Loss) Comprehensive Income (Loss) Liability Gain (Loss) Pension Expense Prior Service Cost Amortization Other Comprehensive Income (Loss)
Amortization of Loss Asset Gain (Loss) Comprehensive Income (Loss) Liability Gain (Loss) Pension Expense Prior Service Cost Amortization Other Comprehensive Income (Loss)
				$
Amortization of LossAsset Gain (Loss)Comprehensive Income (Loss)Liability Gain (Loss)Pension ExpensePrior Service Cost AmortizationOther Comprehensive Income (Loss)				$ XXX

Monty Company Partial Balance Sheet December 31, 2021For the Year Ended December 31, 2021For the Quarter Ended December 31, 2021
AssetsLiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Other Comprehensive Income (G/L) Accumulated Other Comprehensive Loss (G/L) Accumulated Other Comprehensive Income (PSC) Accumulated Other Comprehensive Loss (PSC) Common Stock Pension Liability Retained Earnings			$
AssetsLiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Other Comprehensive Income (G/L) Accumulated Other Comprehensive Loss (G/L) Accumulated Other Comprehensive Income (PSC) Accumulated Other Comprehensive Loss (PSC) Common Stock Pension Liability Retained Earnings			$
Accounts Payable Accounts Receivable Accumulated Depreciation Accumulated Other Comprehensive Income (G/L) Accumulated Other Comprehensive Loss (G/L) Accumulated Other Comprehensive Income (PSC) Accumulated Other Comprehensive Loss (PSC) Common Stock Pension Liability Retained Earnings