Preparing Pension Journal Entries and Pension Worksheet Mac Company has a noncontributory defined benefit pension plan, with the following data available. Account Balances Jan. 1, 2020 PBO balance, before PSC adjustment $45,000 Cr. Prior service cost (due to plan amendment on Jan 1, 2020) 5,000 Dr. Plan Asset balance 52,500 Dr. 2020 $32,500 Activity Service cost Pension benefits paid Actual and expected return on plan assets Cash funding (contributions) Pension benefits paid to retirees 2,500 25,000 Pension Amounts and Entries Pension Entries with a Charge in Funding Fund Balance Pension Worksheet Reported in Comprehensive Income OCI Cash Outflow Pension Expense Prior Service Cost Pension Gain/Loss f. Create a worksheet to summarize the pension data at the end of 2020 based upon part (c). Reported Net in Financial Statements Reported on Balance Sheet Accumulated OCI Plan Net Pension Prior Pension Assets PBO Asset/Liability Service Cost Gain/Loss Balance, January 1, 2020 $ Ox $ OXS OXS 0 $ 0 Prior service cost amendment OX OX Service cost Ox Interest cost 0* Expected return Ox Prior service cost amortization 0 0X Contributions to fund OX 0 Balance, December 31, 2020 $ 0 x $ Ons Ons Ox $ 0 OX Oxs 0 0x OX 0 OX * Check Preparing Pension Journal Entries and Pension Worksheet Mac Company has a noncontributory defined benefit pension plan, with the following data available. Account Balances Jan. 1, 2020 PBO balance, before PSC adjustment $45,000 Cr. Prior service cost (due to plan amendment on Jan 1, 2020) 5,000 Dr. Plan Asset balance 52,500 Dr. 2020 $32,500 Activity Service cost Pension benefits paid Actual and expected return on plan assets Cash funding (contributions) Pension benefits paid to retirees 2,500 25,000 Pension Amounts and Entries Pension Entries with a Charge in Funding Fund Balance Pension Worksheet Reported in Comprehensive Income OCI Cash Outflow Pension Expense Prior Service Cost Pension Gain/Loss f. Create a worksheet to summarize the pension data at the end of 2020 based upon part (c). Reported Net in Financial Statements Reported on Balance Sheet Accumulated OCI Plan Net Pension Prior Pension Assets PBO Asset/Liability Service Cost Gain/Loss Balance, January 1, 2020 $ Ox $ OXS OXS 0 $ 0 Prior service cost amendment OX OX Service cost Ox Interest cost 0* Expected return Ox Prior service cost amortization 0 0X Contributions to fund OX 0 Balance, December 31, 2020 $ 0 x $ Ons Ons Ox $ 0 OX Oxs 0 0x OX 0 OX * Check