Preparing Pension Journal Entries and Pension Worksheet Information for the Jenkins Company defined benefit pension plan follows. Jenkins uses the straight-line method to amortize prior service cost and corridor amortization for gains and losses. Account Balances Jan. 1, 2020 Projected Benefit Obligation Plan Assets Accumulated OCI-Pension Gain/Loss $840,000 Cr. 600,000 Dr. 192,000 Cr. Accumulated OCI-Prior Service Cost 144,000 Dr. Activity Service cost, 2020 $72,000 Actuarial loss determined Dec. 31, 2020 48,000 Actual return on plan assets, 2020 66,000 Funding, 2020 105,600 0 Benefits paid, 2020 Discount rate Other Expected rate of return on plan assets 8% 10% Average remaining service period of active plan participants 10 years Funded Status and Journal Entries Pension Worksheet a. Prepare the December 31, 2019, presentation of funded status. Note: Use a negative sign for a net pension liability Net pension asset (liability), Dec. 31, 2019 $ b. Prepare the entries to record 2020 pension expense, gain and loss deferral (if any), contributions, and benefits. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order. Note: Round your answers to the nearest whole dollar. Date Dec. 31, 2020 Account Name Dr. Cr.