The following facts apply to the pension plan of Tamarisk Corporation for the year 2020. Plan...

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The following facts apply to the pension plan of Tamarisk Corporation for the year 2020. Plan assets, January 1, 2020 $931,000 Projected benefit obligation, January 1, 2020 931,000 Settlement rate 6 % Service cost 75,000 Contributions (funding) 10,000 Actual and expected return on plan assets 41,700 Benefits paid to retirees 42,900 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 ounts as positive.) The following facts apply to the pension plan of Tamarisk Corporation for the year 2020. Plan assets, January 1, 2020 $931,000 Projected benefit obligation, January 1, 2020 931,000 Settlement rate 6 % Service cost 75,000 Contributions (funding) 10,000 Actual and expected return on plan assets 41,700 Benefits paid to retirees 42,900 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 ounts as positive.)