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On January 1, 2011, McGee Co. had the following balances: Other data related to the pension plan for 2011. Required: (a) Calculate pension expense for

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On January 1, 2011, McGee Co. had the following balances: Other data related to the pension plan for 2011. Required: (a) Calculate pension expense for 2011. (b) Prepare the journal entry to record pension expense and the contributions for 2011. (c) Determine the amount of pension asset liability that should be reported on the balance sheet December 31, 2011. (Show computation!) (d) Determine the balance of the Projected Benefit obligation (PBO)at December 31, 2011

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