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the pictures provide info. it is the 3rd picture regarding partial Income Statement that needs answering. note: the Income statement question has 4 accounts, and

the pictures provide info. it is the 3rd picture regarding partial Income Statement that needs answering.
note: the Income statement question has 4 accounts, and pension expense in this case is NOT $140,410 (already checked and was marked incorrectly, hence why said boxes are red).
the list of potential accounts for Income Statement for the 2 bigger boxes are: Dividends, Operating Expenses, Net Income/(Loss), Retained Earnings - January 1 2020, Retained Earnings - December 31 2020, Revenues, Total Expenses, Total Revenues, and Other Revenue/Expenses.
list of potential accounts for the 2 smaller boxes are: Amortization of PSC, Interest Expense, Pension Expense, Rent Expense, and Service Cost
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image text in transcribed
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image text in transcribed
Culver Company provides the following selected information related to its defined benefit pension plan for 2020- $25,800 Cr. 403,900 Pension asset/liability (January 1) Accumulated benefit obligation (December 31) Actual and expected return on plan assets Contributions (funding) in 2020 Fair value of plan assets (December 31) 9.900 149,900 807.900 Settlement rate 10 % Projected benefit obligation (January 1) 695,200 Service cost 80.790 Compute pension expense. Pension expense for 2020 140.410 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. Preparation of a pension worksheet is not required. Benefits paid in 2020 were $21,300. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation 140,410 Pension Expense 9.490 Pension Asset/lability 149.900 Cash dicate the pension-related amounts that would be reported in the company's income statement and balance sheet for 2020. Culver Company Income Statement (Partial) For the Year Ended December 31, 2020 Operating Expenses 0 Rent Expense Other Revenue / Expenses 140.410 Pension Expense Pension Expense V $ $ 140,410 Culver Company Balance Sheet (Partial) December 31, 2020 Liabilities $ 16,310 Pension Liability

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