Reporting the Impact of a Pension Fund

Pharrell Inc. sponsored a defined pension plan for its employees. For the year ended December 31, 2020, Pharrell recorded pension expense of $8,000 (including service cost of $4,800) and a $640 unexpected loss on plan assets. Pharrell calculated the December 31, 2020, balance in Accumulated OCIGain/Loss account to be $1,280 (debit) and calculated a net pension asset/liability of $800 (credit). Assuming no amortization of pension gain/loss, what is the impact of this plan on the (a) balance sheet, (b) income statement, and (c) statement of comprehensive income?

• Note: Use a negative sign to indicate accumulated loss.
• Note: If a line isn't required in the statement for these transactions, select "N/A" as the account names and leave the Dr. and Cr. answers blank (zero).

balance sheet December 31,2020 : Assets, liabilities, stockholder's equity?

income statement : operating expenses?

statement of comprehensive income (loss)?