The following facts apply to the pension plan of Sheridan Inc. for the year 2020. $498,700 498.700 8 96 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 42.100 22,800 45,500 34,500 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.) P General Journal Entries Items Annual Pension Expense Cash Balance, January 1, 2020 S $ C Service cost 42100 Dr. C Interest cost 39896 Dr. IC Actual return 39896 Cr. C Contributions 22800 C Benefits