The Pension Plan for Plastics Inc. as of January 1, 2021, includes a Projected Benefits Obligation of $800,000 and Plan Assets of $670,000. During the year, Pension Expense was $40,000, Contributions to the plan $20,000 and benefits paid to retirees in 2021 were $14,000. Year end Balances include - Pension Benefit Obligation - $975,000 and Plan Assets of $725,000. Based on the above data, what was the actual return on Plan Assets for 2021? a. $49,000 b. $61,000 c. $9,000 d. Cannot be determined BUS 203 - Test 111 . -2- 5. - Tyco Inc. accrues warranty expense for financial reporting purposes. During 2021, Tyco accrued $825,000 of warranty expense. Actual warranty costs for the year were $525,000. Based on this data, select from the following the transaction that best reflects the entry to record the timing difference between accounting and taxable income. Tyco's tax rate is 20% a b. Debit Deferred Tax Asset for $300,000 Credit Deferred Tax Asset for $300,000 Deferred Tax Asset $60,000 Dobit Deterred Tax Liability $60,000 d