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 Accumulated OCI-Prior Service Cost $840,000 Cr. 600,000 Dr. 192,000 Cr. 144,000 Dr. Activity Service cost, 2020 $72,000 Actuarial loss determined Dec. 31, 2020 48,000 Actual return on plan assets, 2020 Funding, 2020 Benefits paid, 2020 Other 66,000 105,600 0 Discount rate 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 e. Prepare a pension worksheet for 2020. Note: Round your answers to the nearest whole dollar. Reported Net in Financial Statements Plan Assets Net Pension PBO Reported on Balance Sheet Accumulated OCI Pension Asset/Liability Service Cost Gain/Loss Reported in Comprehensive Income OCI Prior Cash Outflow Pension Prior Pension Expense Service Cost Gain/Loss Balance, January 1, 2020 0 $ 0 $ 0 $ 0 $ 0 Service cost 0 0 0 0 0 $ 0 $ 0 $ 0 $ 0 Interest cost 0 0 0 0 0 0 0 0 0 Expected return 0 0 0 0 0 0 0 0 0 Unexpected gain on plan assets 0 0 0 0 0 0 0 0 0 Actuarial loss on PBO 0 0 0 0 0 0 0 0 0 Prior service cost amortization 0 0 0 0 0 0 0 0 0 Pension gain/loss amortization 0 0 0 0 0 0 0