Sheffield Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2021 Projected benefit obligation, January 1 Plan assets (fair value and market-related value), January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Settlement rate Expected rate of return Actual return on plan assets Amortization of prior service cost Annual contributions Benefits paid retirees Increase in projected benefit obligation due to changes in actuarial assumptions Accumulated benefit obligation at December 31 Average service life of all employees Vested benefit obligation at December 31 2020 $595,300 410,200 185,100 Cr. 160,200 40,300 10 % 10 % 35,600 70,700 97,000 31,700 86,400 722,700 $59,600 10 % 10 % 61,500 50,200 80,600 53,630 0 788,400 20 years 464,300 Prepare a pension worksheet presenting both years 2020 and 2021. (Round answers to O decimal places, e.g. 5,125. Enter all amounts as positive.) Prepare a pension worksheet presenting both years 2020 and 2021. (Round answers to decimal places, eg. 5,125. Enter all amounts as positive.) SHEFFIELD COMPANY Pension Worksheet-2020 and 2021 General Journal Entries OCI-Prior OCI-Gain/ Service Cost Loss Memo Record Annual Pension Expense Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Balance, Jan 1, 2020 Service cost Interest cost Actual return Unexpected loss Amortization of PSC Contributions Benefits Increase in PBO Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec. 31, 2020 Service cost Interest cost Actual return Unexpected gain Amortization of PSC Amortization of loss Contributions Benefits Journal entry for 2021 Accumulated OCI, Dec 31, 2020 Balance, Dec. 31, 2021 Calculate the amortization of the loss (2021) using the corridor approach. Amortization of the loss $