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The following information for 2019 is provided to you from Elgin Outboard Motor Company and their pension administration firm: + Service Cost ... Contribution to

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The following information for 2019 is provided to you from Elgin Outboard Motor Company and their pension administration firm: + Service Cost ... Contribution to plan Prior Service Cost Amortization. Actual and Expected Return on Assets Benefits Paid. Plan Assets, January 1, 2019 Projected Benefit Obligation, January 1, 2019. Interest/Discount (settlement) rate. Accumulated OIC (PSC), January 1, 2019 $81,650 162,300 3,600 88,650 48,000 877, 445 897,000 78 36,000 . . Required Complete the pension worksheet below for 2019, and prepare the necessary journal entry at December 31, 2019. General Journal Entries on Company's Books Memo Record Only Annual OIC Pension Projected Pension Prior Asset Benefit Plan Expense Cash SC Liability Obligation Assets Bal. 1/1/19 Service Cost Interest Cost Actual Return PSC Amortize Contributions Benefits Paid Subtotal "1/E" Bal. 12/31/19 2019 Journal Entry Debit Credit

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