On January 1, 2020, Windsor Company has the following defined benefit pension plan balances. Projected benefit obligation $4,485,000 Fair value of plan assets 4,240,000 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 $494,000 are created. Other data related to the pension plan are as follows. 2020 2021 Service cost $148,000 $177,000 Prior service cost amortization 0 90,000 Contributions (funding) to the plan 244,000 288,000 Benefits paid 200,000 275,000 Actual return on plan assets 254,400 260,000 Expected rate of return on assets 6 % 8 % Balance, Dec. 31, 2020 Additional PSC, 1/1/2021 i i Balance, Jan. 1, 2021 i i Service cost 177000 Dr. i Interest cost 537550 Dr. i Actual return 260000 Cr. i Unexpected loss 103072 Cr. i Amortization of PSC 90000 Dr. i Contributions i 288000 Cr. Benefits i Journal entry for 2021 $ 441478 $ Dr. Accumulated OCI, Dec. 31, 2020 i 494000 Cr. i i 5375500 Cr. V i i 177000 Cr. i i 537550 Cr. i i i 260000 i i i i i i i i 288000 i Dr. Cr. i i i Cr. $ Cr $