Question 2 Pension data for Parker Financial Services in the Actual run on an assets, Expected to plants Discount rate, January 1, 2019 Balances in following account: Accumulated benefit obligation $1.100.000 Projected benefit obligation $1.500.000 Plan assets (air value) $1.400.000 Prior service cost-AOCI $165.000 At the end of the year, there was a negligible balance in the net in D ccount There were no changes in actual assumptions on average or service with the companys 10 years Cash contributions to pension and during the your $250.000 Benefit payments to retiroes during the year $185.000 Service cost 2019 $ 225 000 Prepare the journal entries to record a) pension expense, b) gains and losses (if any). c) funding, and d) payment of retiree benefits for 2019 *** Journal entries must be in proper JE format, include full account and amount, stod and labeled in cand order Here is an Example of how your answer should look (continue same format forb, c etc) a) record Pension expense De list accounts and amounts Crist accounts and amounts e After posting your journal entries what is the ending balance in Plan Assets and P80 and how the information would be presented on the Balance Sheets the section and arou For the toolbar, press ALTHF10 (PC) OF ALTANF10 M) B IS Paragraph Arial 14px LIX Q6 Fax 11 * S2 25 BE22 H (> 6 O Peactor Stap sang . 0 8 o 2 Type here to search 180