THE FOLLOWING FACTS APPLY TO THE PENSION PLAN FOR DEAN INC. FOR YEAR 2021

PLAN ASSETS JAN 1 2021 $540,000.00 PROJECTED BENEFIT OBLIGATION JAN 1 2021 $540,000.00 SETTLEMENT RATE 12.50% SERVICE COST $38,500.00 CONTRIBUTIONS (FUNDING) $50,000.00 ACTUAL EXPECTED RETURN ON ASSETS $55,600.00 BENEFITS PAID TO RETIREES $45,900.00

SHOW SEPARATELY AN TOTAL PLAN ASSET/LIABILITY CALCULATION. USING THIS DATA COMPUTE PENSION EXPENSE FOR 2021. AS PART OF YOUR SOLUTION, PREPARE A PENSION WORKSHEET THAT SHOWS THE JOURNAL ENTRY FOR PENSION EXPENSE FOR 2021 AND THE YEAR-END BALANCES IN THE RELATED PENSION ACCOUNTS. WRITE OUT THE JOURNAL ENTRY THAT WILL BE MADE