The following information pertains to YNCA Inc. APBO: Jan 1, 2020 Plan Assets: Jan 1, 2020 Actual (and expected) retum on plan assets Discount rate Service cost, 2020 Contribution to asset fund, Dec 31, 2020 Benefit payments, Dec 31, 2020 $100,000 $75,000 $7,500 12% $25,000 $35,000 $10,000 Required a. Provide the entry to record 2020 postretirement benefit expense. b. Prepare a presentation of funded status on December 21, 2020