Question 3 of 3 ! View Policies Current Attempt in Progress Hanson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances related to this plan. Plan assets (market-related value) Projected benefit obligation Pension asset/liability Prior service cost Net gain or loss (debit) $520,000 700,000 180.000 Cr. 81,000 91.000 As a result of the operation of the plan during 2020. the actuary provided the following additional data for 2020 Service cost $108,000 Settlement rate, 9%: expected return rate, 10% Actuat return on plan assets 48.000 Amortization of prior service cost 25,000 Contributions Benefits paid retirees Average remaining service life of active employees 133.000 85,000 10 years Using the preceding data, compute pension expense for Hanson Corp.for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.) Questio Accounting Questio Account Using the preceding data.compute pension expense for Hanson Corp. for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter aliomounts as positive) HANSON CORP Pension Worksheet-2020 General Journal Entries OCI-Prior OCI-Gain/ Penison Asset/ Service Cost Loss Liability Viewing Accounting >