Teal Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2020. January 1, 2020 December 31, 2020 $1,525,000 $1.553,000 794.000 Projected benefit obligation Market-related and fair value of plan assets Accumulated benefit obligation Accumulated OCI (G/1) ---Net gain 1,124,100 1.605.000 1.724400 0 (202,500) The service cost component of pension expense for employee services rendered in the current year amounted to 5 78.000 and the amortization of prior service cost was $ 119,400. The company's actual funding contributions of the plan in 2020 mounted to s 251,000. The expected return on plan assets and the actual rate were both 10%, the interest/discount settlement) rate was 10% Accumulated other comprehensive income (PSC) had a balance of $ 1.194.000 on January 1, 2020. Assume to benefits paid in 2020 Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amounts that reduce pension expense with elther a negative stan preceding the number es-45 or parenthesk es. (451) Components of Pension Expense Determine the amounts of the components of pension expense that should be recognized by the company in 2020. (Enter amount that reduce pension expense with either a negative sign preceding the number eg. -45 or parenthesis eg (45) Components of Pension Expense Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. (Credit account titles are automatically 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 amounts.) Account Titles and Explanation Debit Credit | (To record pension expense and employer's contribution) Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Teal Company for the year 2020 Teal Company Income Statement. (Rantists Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Teal Company for the year 2020 Teal Company Income Statement (Partial) Teal Company Comprehensive Income Statement SXXXX Teal Company Comprehensive Income Statement $XXXX $ $XXXX Teal Company Balance Sheet (Partial)