Oriole Company sponsors a defined benefit pension plan for its employees. The following data relate to the Your answer is correct.

Determine the amounts of the components of pension expense that should be recognized by the company

in $2025.($Enter amounts that reduce pension expense with either a negative sign preceding the number e$.$g$.-45$ or

parenthesis e$.$g$.(45).)$

Components of Pension Expense

Interest on Projected Benefit Obligation

Expected Return on Plan Assets

Amortization of Prior Service Cost

Pension Expense

$$1$

$

eTextbook and Media Your answer is correct.

Prepare the journal entry to record pension expense and the employer's contribution to the pension trustee in $2025.$

$($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 $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Pension Expense

Pension Asset$/$Liability

Other Comprehensive Income $($PSC$)$ Indicate the amounts that would be reported on the income statement for the year $2025.$

ORIOLE COMPANY

Income Statement $($Partial$)$

For the Year Ended December $31,2025$

Other Comprehensive Income $($G$/$L$)$

$

Accumulated Other Comprehensive Income $($G$/$L$)$

$

operation of the plan for the year $2025$ in which no benefits were paid.

The actuarial present value of future benefits earned by employees for services rendered in $2025$

amounted to $$56,600.$

The company's funding policy requires a contribution to the pension trustee amounting to

$$146,313$ for $2025.$

As of January $1,2025,$ the company had a projected benefit obligation of $$905,700,$ an accumulated

benefit obligation of $$805,000,$ and a debit balance of $$397,400$ in accumulated OCI $($PSC$).$ The fair

value of pension plan assets amounted to $$603,700$ at the beginning of the year. The actual and

expected return on plan assets was $$54,100.$ The settlement rate was $9\%.$ No gains or losses occurred

in $2025$ and no benefits were paid.

Amortization of prior service cost was $$49,700$ in $2025.$ Amortization of net gain or loss was not

required in $2025.$