Service cost	$580
Contributions to the plan	380
Prior service cost amortization	30
Actual return on plan assets	460
Expected return on plan assets	420
Benefits paid	300
Plan assets at January 1, 2021	4,500
Projected benefit obligation at January 1, 2021	4,000
Accumulated OCI (PSC) at January 1, 2021	90
Discount Rate	5%

Recorded in Accounts

Reported Only

PBO

Plan Assets

Prior Service Cost - AOCI

Net Gain/loss - AOCI

Pension Expense

Cash

Net Pension (Liability)/Asset)

Balance, Jan. 1, 2021

Service Cost

Interest Cost

Expected return on assets

Unexpected gain/loss on assets

Amortization - PSC

Amortization - Net gain/loss

Contribution to fund

Retiree benefits paid

Balance, Dec. 31, 2021

Instructions:

Complete the Pension Worksheet using the provided information and prepare all journal entries. Be sure to indicate whether the amount you insert in the table is a debit or a credit (to the right of the amount place a d for debit or a c for credit). Also indicate if the plan is overfunded or underfunded at the end of the year.