Problem 20-3 (Part Level Submission) Cullumber Company sponsors a defined benet plan for its 100 employees. On January 1, 2017, the company's actuary provided the following information Accumulated other comprehensive loss (PSC) $152,900 Pension plan assets (fair value and market-related asset value) 196,600 Accumulated benefit obligation 256,600 Projected benefit obligation 380,500 The average remaining service period for the participating employees is 10 years. All employees are expected to receive benefits under the plan. On December 31, 2017, the actuary calculated that the present value of Ruture benefitseamed for employee services rendered in the current year amounted to $51.500; the projected benefit obligation was $491,100; fair value of pension assets was $273,100; the accumulated benefit obligation amounted to $370,000. The expected return on plan s and the discontrate on the projected benent a tion were both 10%. The actual return on plan t is $10,300. The company's current year's contribution to the pension plan mounted to 566,200. No benefits were paid during the year. M Your answer is correct. Determine the components of pension expense that the company would recognize in 2017. (With only one year involved, pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense T Service Costante 51500 T Interest on Projected Benefit Obligation : 38050 T Actual Return on Plan Assets (10300) Unexpected LOSS (9360) Amortization of Gain or Loss T Amortization of Prior Service Cost : 15290 Pension Expense 4 85180 Click if you would like to Show Work for this question: Open Show Work (b) Prepare the journal entry to record the pension expense and the company's funding of the pension plan in 2017. (Credit accou Do not Indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the amounts Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work