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

PLAN ASSETS JAN 1 2021 $665,000.00

PROJECTED BENEFIT OBLIGATION JAN 1 2021 $665,000.00

SETTLEMENT RATE 28.00%

SERVICE COST $46,225.00

CONTRIBUTIONS(FUNDING) $59,842.00

ACTUAL EXPECTED RETURN ON ASSETS $66,999.00

BENEFITS PAID TO REITREES $43,754.00

SHOW SEPARATELY AN TOTAL PLAN ASSET/LIABILITY CALCULATION.

USING THIS DATA COMPUTE PENSION EXPENSE FOR 2021.AS PART OF YOUR SOLUTION, p A prepare a PENSION WORKSHEET

THAT SHOWS THE JOURNAL ENTRY FOR PENSION EXPENSE FOR 2021 AND THE YEAR-END BALANCES IN THE RELATED PENSION ACCOUNTS