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Saved Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year Projected benefit obligation Balance, January 1

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Saved Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year Projected benefit obligation Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 $150,000,000 25,000,000 15,000,000 12.000.000 $178.000.000 Plan assets Balance, January 1 Actual return on plan assets Contenuto Benefits paid Balance, December 590,000,000 11,000,000 23,000,000 (12,000,000 $112,000,000 The expected long-term return on plan assets is 10% There were no other relevant data for the year, Required: 1. Determine Burtos pension expense for the year 2. Prepare the journal entiles to record the pension expense and funding for the year. Complete this question by entering your answers in the tabs below. Recured Require Prepare the journal entries to record the pension po and funding for the year. The your answemon. If not raduired for convent lectora in the fut account

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