The following information is provided to you from the pension administration firm of your client Benicia Industrial, Inc:

Service Cost . . . . . . . . . . . . . . . . . . $86,450

Contribution to plan . . . . . . . . . . . . . . 104,500

Prior Service Cost Amortization. . . . . . . . . 4,800

Actual and Expected Return on Assets . . . . . . 96,650

Benefits Paid. . . . . . . . . . . . . . . . . . 64,900

Plan Assets, January 1, 2017 . . . . . . . . . . 905,000

Projected Benefit Obligation, January 1, 2019. . 945,500

Interest/Discount (settlement) rate. . . . . . . 6%

Accumulated OIC (PSC), January 1, 2019 . . . . . 24,000

Required Complete the pension worksheet below for 2019 and prepare the necessary journal entry at December 31, 2019.