The following facts apply to the pension plan of Boudreau Inc. for the year 2020. $490,000 490,000 Plan assets, January 1, 2020 Projected benefit obligation, January 1, 2020 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees 40,000 25,000 49,700 33,400 Using the preceding data, compute pension expense for the year 2020. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2020 and the year- end balances in the related pension accounts. (Enter all amounts as positive.) BOUDREAU INC. Pension Worksheet-2020 General Journal Entries Pension Asset/ Cash Liability Annual Pension Expense Memo Record Projected Benefit Obligation Plan Assets Items Balance, January 1, 2020 $ $ + $ $ Service cost 4 + + + Interest cost 1 1 + Actual return + JUUUUUUUU Contributions + + + Benefits + 1 . Journal entry, December 31 $ Balance, December 31, 2020 S