Prepare the entries to record the pension expense and amortization of prior service cost on December 31,2019 and 2020. Worksheet Instructions \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{l} TURNER COMPANY \\ Pension Plan Worksheet \\ 2019 and 2020 \end{tabular}} \\ \hline 1 & & 2019 Amount & \begin{tabular}{l} 2019 Pension \\ Expense \end{tabular} & 2020 Amount & \begin{tabular}{l} 2020 Pension \\ Expense \end{tabular} \\ \hline 2 & Beginning projected benefit obligation & & & & \\ \hline s & Interest cost & & & & \\ \hline 4 & Service cost & & & & \\ \hline s & Benefits paid & & & & \\ \hline 6 & Ending projected benefit obligation & & & & \\ \hline 7 & Beginning plen assets & & & & \\ \hline 8 & Expected rate of return (Enter as a decimal) & & & & \\ \hline 9 & Expected return & & & & \\ \hline:0 & Beginning plen assets & & & & \\ \hline & Actual retum & & & & \\ \hline:2 & Contributions & & & & \\ \hline 13 & Benefits paid & & & & \\ \hline:4 & Ending plan assets & & & & \\ \hline 15 & Prior service cost & & & & \\ \hline 16 & Amortization fraction & 80/980.00 & & 79/980.00 & \\ \hline 17 & Amortization of prior service cost & & & & \\ \hline 18 & Net gain or loss & 0.00 & 0.00 & 0.00 & 0.00 \\ \hline 19 & Total pension expense & & & & \\ \hline 20 & Contribution (cash) & & & & \\ \hline 21 & Adjustment to accrued/prepaid pension cost & & & & \\ \hline \end{tabular} other components of Turner's pension expense. Ignore any adjustment of accumulated other comprehensive income. Required: Prepare a pension plan worksheet that includes the calculation of Turner's pension expense for 2019 and 2020, the reconciliation of the beginning and ending projected benefit obligation for 2019 and 2020, the reconciliation of the beginning and ending plan assets for 2019 and 2020 , and the journal entry to record the pension expense at the end of 2019 and 2020, indicating whether each component is a debit or credit. CHART OF ACCOUNTS Turner Company General Ledger ASSETS 111 Cash 121 Accounts Receivable 141 Inventory 152 Prepaid Insurance 181 Equipment 198 Accumulated Depreciation LIABILITIES 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue 251 Accrued/Prepaid Pension Cost 261 Income Taxes Payable EQUITY 311 Common Stock 331 Retained Earnings 916 Other Comprehensive Income: Prior Service Cost REVENUE 411 Sales Revenue EXPENSES 500 Cost of Goods Sold 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense 522 Pension Expense 532 Bad Debt Expense 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 910 Income Tax Expense Prepare the entries to record the pension expense and amortization of prior service cost on December 31,2019 and 2020. Worksheet Instructions \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{6}{|c|}{\begin{tabular}{l} TURNER COMPANY \\ Pension Plan Worksheet \\ 2019 and 2020 \end{tabular}} \\ \hline 1 & & 2019 Amount & \begin{tabular}{l} 2019 Pension \\ Expense \end{tabular} & 2020 Amount & \begin{tabular}{l} 2020 Pension \\ Expense \end{tabular} \\ \hline 2 & Beginning projected benefit obligation & & & & \\ \hline s & Interest cost & & & & \\ \hline 4 & Service cost & & & & \\ \hline s & Benefits paid & & & & \\ \hline 6 & Ending projected benefit obligation & & & & \\ \hline 7 & Beginning plen assets & & & & \\ \hline 8 & Expected rate of return (Enter as a decimal) & & & & \\ \hline 9 & Expected return & & & & \\ \hline:0 & Beginning plen assets & & & & \\ \hline & Actual retum & & & & \\ \hline:2 & Contributions & & & & \\ \hline 13 & Benefits paid & & & & \\ \hline:4 & Ending plan assets & & & & \\ \hline 15 & Prior service cost & & & & \\ \hline 16 & Amortization fraction & 80/980.00 & & 79/980.00 & \\ \hline 17 & Amortization of prior service cost & & & & \\ \hline 18 & Net gain or loss & 0.00 & 0.00 & 0.00 & 0.00 \\ \hline 19 & Total pension expense & & & & \\ \hline 20 & Contribution (cash) & & & & \\ \hline 21 & Adjustment to accrued/prepaid pension cost & & & & \\ \hline \end{tabular} other components of Turner's pension expense. Ignore any adjustment of accumulated other comprehensive income. Required: Prepare a pension plan worksheet that includes the calculation of Turner's pension expense for 2019 and 2020, the reconciliation of the beginning and ending projected benefit obligation for 2019 and 2020, the reconciliation of the beginning and ending plan assets for 2019 and 2020 , and the journal entry to record the pension expense at the end of 2019 and 2020, indicating whether each component is a debit or credit. CHART OF ACCOUNTS Turner Company General Ledger ASSETS 111 Cash 121 Accounts Receivable 141 Inventory 152 Prepaid Insurance 181 Equipment 198 Accumulated Depreciation LIABILITIES 211 Accounts Payable 231 Salaries Payable 250 Unearned Revenue 251 Accrued/Prepaid Pension Cost 261 Income Taxes Payable EQUITY 311 Common Stock 331 Retained Earnings 916 Other Comprehensive Income: Prior Service Cost REVENUE 411 Sales Revenue EXPENSES 500 Cost of Goods Sold 511 Insurance Expense 512 Utilities Expense 521 Salaries Expense 522 Pension Expense 532 Bad Debt Expense 540 Interest Expense 541 Depreciation Expense 559 Miscellaneous Expenses 910 Income Tax Expense