The following facts apply to the pension plan of Marin Inc. for the year 2020. $534,900 534,900 8 % 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 40,500 23,800 53.000 31,900 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.) MARIN INC. Pension Worksheet-2020 General Journal Entries Annual Pension Expense Pension Ass Liability Items Cash Balance, January 1, 2020 $ Service cost Interest cost 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.) MARIN INC. Pension Worksheet-2020 General Journal Entries Annual Pension Expense Pension Ass Liability Items Cash Balance, January 1, 2020 $ Service cost Interest cost Actual return Contributions Benefits Journal entry, December 31 $ Balance, December 31, 2020 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.) MARIN INC. Pension Worksheet-2020 Entries Memo Record Pension Asset/ Liability Projected Benefit Obligation Plan Assets