P20.2B (LO 1,2,3,4,5) (3-Year Worksheet, Journal Entries, and Reporting) Captiva Company adopts acceptable account- ing for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $600,000; projected benefit obligation $600,000. Other data relating to 3 years' operation of the plan are shown below: Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/20) Amortization of prior service cost Change in actuarial assumptions establishes a December 31, 2021, projected benefit obligation of: 2019 $40,000 2020 $ 48,000 2021 $ 61,000 8% 8% 8% 40,000 50,000 60,000 11,000 30,000 58,000 26,000 31,000 45,000 280,000 38,000 56,000 980,000 Instructions (a) Prepare a pension worksheet presenting all 3 years' pension balances and activities. (b) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (c) Indicate the pension-related amounts reported in the financial statements for 2021.