On January 1, 2020, Sweet Company has the following defined benefit pension plan balances.

Projected benefit obligation		$4,420,000
Fair value of plan assets		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 $506,000 are created. Other data related to the pension plan are as follows.

		2020			2021
Service cost		$151,000			$176,000
Prior service cost amortization		0			92,000
Contributions (funding) to the plan		239,000			289,000
Benefits paid		198,000			275,000
Actual return on plan assets		252,600			257,000
Expected rate of return on assets		6	%		8	%

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

For 2021, prepare the journal entry to record pension-related amounts.