On January 1, 2020, Kingbird Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4,441,000 4,230,000 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 $495,000 are created. Other data related to the pension plan are as follows. 2021 2020 $150,000 Service cost $179,000 89,000 Prior service cost amortization Contributions (funding) to the plan 290,000 Benefits paid 240,000 196,000 253,800 276,000 Actual return on plan assets 254,000 Expected rate of return on assets 6% 8 % Prepare a pension worksheet for the pension plan for 2020 and 2021. (Enter all amounts as positive.) Annual Pension Expense Items Cash Balance, Jan. 1, 2020 Service cost Interest cost Actual return Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec. 31, 2020 Accumulated OCI, Dec. 31, 2019 Balance, Dec. 31, 2020 Additional PSC, 1/1/2021 Balance, Jan. 1, 2021 Service cost Interest cost Actual return Unexpected loss Amortization of PSC Contributions Benefits Journal entry for 2021 Accumulated OCI, Dec 31, 2020 Balance, Dec. 31, 2021 For 2021, prepare the journal entry to record pension-related amounts. (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 o for the amounts.) Account Titles and Explanation Debit Credit