Nelson Company has a defined benefit pension plan for its employees. At the end of 2019 and 2020, the following information is available in regard to 2019 2020 Expected return on plan assets $27,000 $28,000 Amortization of net gain 3,000 Amortization of net loss 4,000 Amortization of prior service cost 7,000 6,000 Company contribution (funded 12/31) 220,000 248,000 Interest cost on projected benefit obligation 42,000 45,000 Service cost 211,000 217,000 Prior Service Cost (as of 1/1) 96,000 89,000 Required: 1. Compute the amount of Nelson's pension expense in 2019 and 2020. 2. Based on the available information, prepare all the journal entries related to Nelson's pension plan for 2019 and 2020. 3. Next Level If the prior service cost was vested, explain how Nelson Company's pension expense for 2019 would be different under IFRS. Next Level Shaded cells have f 3. If the prior service cost was vested, what amount would Nelson recognize as pension expense for 2019 under IFRS? $373,000.00 x Points: 071