Sheridan Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021. Plan assets (fair value), December 31 Projected benefit obligation, January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Actual and expected return on plan assets Amortization of prior service cost Contributions (funding) Accumulated benefit obligation, December 31 Interest/settlement rate 2020 $859.770 861,000 172,200 Cr. 307,500 73,800 29,520 12,300 141.450 615,000 9% 2021 $1,044,270 984,000 ? 295,200 110,700 36,900 14.760 147,600 676,500 9% X Your answer is incorrect. Compute pension expense for 2020 and 2021. 441570 Pension expense for 2020 $ Pension expense for 2021 $ 182544.3 e Textbook and Media List of Accounts re the journal entries to record the pension expense and the company's funding of the pension plan for both years. (Credit account titles are atically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter o for the Debit Credit ate 11, 2020 Account Titles and Explanation Pension Expense Pension Asset/Liability 441570 . Other Comprehensive Income (PSC) 12300 Other Comprehensive Income (G/L) 2021 Pension Expense 182544 Pension Asset/Liability Other Comprehensive Income (PSC) 14760 cash pok and Media Accounts Attempts: 1 of 3 used Save for Later Submit Answe