Repeated from above Eckert, Inc. on January 1, 2020 initiated a noncontributory defined benefit pension plan that grants benefits to its 100 employees for services rendered in years prior to the adoption of the pension plan. The total expected service years of the 100 employees who are expected to receive benefits under the plan is 1.200. An actuarial consulting firm has indicated that the present value of the projected benefit obligation on January 1, 2020 was $5,040,000. On December 31, 2020 the following information was provided concerning the pension plan's operations for its first year, Employer's contribution at end of year. $1,600,000 Service Cost $ 600,000 Projected Benefit Obligation $6,043,200 Plan Assets (at Fair Value). $ 1,600,000 Expected Return on Plan Assets 94 Settlement rate 89 Question: The net change recorded in the gain or loss component of pension expense for 2020 is: Repeated from above Eckert, Inc. on January 1, 2020 initiated a noncontributory, defined benefit pension plan that grants benefits to its 100 employees for services rendered in years prior to the adoption of the pension plan. The total expected service-years of the 100 employees who are expected to receive benefits under the plan is 1.200. An actuarial consulting firm has indicated that the present value of the projected benefit obligation on January 1, 2020 was $5,040.000. On December 31, 2020 the following information was provided concerning the pension plan's operations for its first year. Employer's contribution at end of year 51,600.000 Service Cost..... $ 600,000 Projected Benefit Obligation 56,043,200 Plan Assets at Fair Value). $ 1.600.000 Expected Return on Plan Assets 9% Settlement rate 89 Question: Regarding the above the following is true A. Comprehensive Income is 50 OB. Comprehensive Income (54,620,000) C. Comprehensive Income = ($5,040,000) D. Comprehensive Income -($420,000)