On January 1, 2020, Blossom Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4.484.000 4,210,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $509,000 are created. Other data related to the pension plan are as follows. Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual return on plan assets Expected rate of return on assets 2020 $152,000 0 239,000 201,000 252,600 6 % 2021 $182,000 92,000 287,000 286,000 255,000 8 % Annual Pension Expense Items Cash Balance, Jan. 1, 2020 $ > $ Contributions Benefits $ Journal entry for 2021 $ $ $ >