Part 1. Complete the following table (amounts in blue are CR and in red are DR). 

Part 2. Determine the average number of years to retirement used to compute the OCI-gain or loss account amortization for 2020 (3 points) Part 3. Indicate the effect (increase or decrease) that this pension plan will have on the ending balance of retained earnings for 2020 and the amount (without any tax effect). (2 points)

1 3 4 5 6 7 Pension Cost "Expense" 2 Employer's Funding Amount (CASH) PBO Plan Assets Net Pension Asset/Liability OCI - Prior Service Cost OCI - Gain or (Loss) 710,000 CR 65,000 DR 60,000 DR 99,000 DR Balance at 1/1/2020 Service Cost 120,000 CR Interest Cost 71,000 CRI Amortization of PSC Amortization of (Gain) or Loss Expected Assets Return Actual Assets Return 95,000 DR Difference Between Actual and Expected Return Amendments 110,000 DR 55,000 DR Changes in Actuarial Assumptions 60,000 DR Payments to Retirees 100,000 CR Employer's Contributions 191,000 Balance a 12/31/20 961,000 DR 267,208 DR 20,000 CR 45,000 DR 168,208 DR 1 3 4 5 6 7 Pension Cost "Expense" 2 Employer's Funding Amount (CASH) PBO Plan Assets Net Pension Asset/Liability OCI - Prior Service Cost OCI - Gain or (Loss) 710,000 CR 65,000 DR 60,000 DR 99,000 DR Balance at 1/1/2020 Service Cost 120,000 CR Interest Cost 71,000 CRI Amortization of PSC Amortization of (Gain) or Loss Expected Assets Return Actual Assets Return 95,000 DR Difference Between Actual and Expected Return Amendments 110,000 DR 55,000 DR Changes in Actuarial Assumptions 60,000 DR Payments to Retirees 100,000 CR Employer's Contributions 191,000 Balance a 12/31/20 961,000 DR 267,208 DR 20,000 CR 45,000 DR 168,208 DR