The following facts apply to the pension plan of Carla Vista Inc. for the year 2025. Plan assets, January 1, 2025 Projected benefit obligation, January 1, 2025 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees $525,500 525,500 8% 36,800 23,800 49,800 30,300 Using this data, compute pension expense for the year 2025. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2025 and the year-end balances in the related pension accounts. (Enter all amounts as positive.)

The following facts apply to the pension plan of Carla Vista Inc. for the year 2025. Using this data, compute pension expense for the year 2025. As part of your solution, prepare a pension worksheet that shows the journal entry for perision expense for 2025 and the ycar-end balances in the related pension accounts. (Enter all amounts as positive)