The city of Stewart has a single-employer defined benefit pension plan to provide retiree pension benefits to its Electric Utility Enterprise Fund employees. The plan is administered in a trust that meets the GASB requirements. Assume that the actuary for the city of Stewart’s Electric Utility Enterprise Fund measures its net pension liability on December 31, 2019, which is its fiscal year-end. The actuary provides the following additional information in its reporting package to the city of Stewart accounting department for its use in preparing the Electric Utility Enterprise Fund’s December 31, 2019 financial statements.

Actuarial Provided Account Information	Fiscal Year Ending December 31, 2018	Fiscal Year Ending December 31, 2019
Net pension liability	$6,100,000	$6,200,000
Deferred inflow of resources—investment gain	180,000	90,000
Deferred inflow of resources—demographic factors	210,000	180,000
Deferred outflow of resources—economic factors	400,000	350,000

The city of Stewart contributed $1,600,000 cash to the pension plan during the fiscal year ending December 31, 2019. Prepare the journal entry to record the pension related activity, including the pension expense, for the city of Stewart’s Electric Utility Enterprise Fund for its 2019 fiscal year.

Description	Debit	Credit
	Answer	Answer
Deferred inflow of resources—investment gain	Answer	Answer
Deferred inflow of resources— demographic factors	Answer	Answer
	Answer	Answer
Deferred outflow or resources—economic factors	Answer	Answer
Cash	Answer	Answer

Description	Debit	Credit
	Answer	Answer
Deferred inflow of resources—investment gain	Answer	Answer
Deferred inflow of resources— demographic factors	Answer	Answer
	Answer	Answer
Deferred outflow or resources—economic factors	Answer	Answer
Cash	Answer	Answer