On January 1, 2020, Skysong Company has the following defined benefit pension plan balances. Projected benefit obligation $4,534,000 Fair value of plan assets 4,270,000

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 $502,000 are created. Other data related to the pension plan are as follows.

	2020	2021
Service cost	$149,000	$180,000
Prior service cost amortization	0	92000
Contributions (funding) to the plan	244000	284000
Benefits paid	200,000	275,000
Actual return on plan assets	256,200	261,000
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.)

Prepare a pension worksheet for the pension plan for 2020 and 2021.