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III View Policies Current Attempt in Progress Kingbird Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following

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III View Policies Current Attempt in Progress Kingbird Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $197.500; projected benefit obligation $248,000. Other data relating to 3 years' operation of the plan are as follows. Annual service cost Settlement rate and expected rate of return Actual return on plai assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/20) Amortization of prior service cost Change in actuarial assumptions establishes a December 31, 2021, projected benefit obligation of 2019 $16,000 10 % 17.900 16,000 14.100 2020 $19.400 10 % 21.730 39,600 16,200 157,600 55,200 2021 $25,800 10 % 23,800 48,400 21,300 42.400 518.500 (a) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (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 o for the amounts.) Debit Credit Date Account Titles and Explanation Dec. 31 2019 Pension Expense Other Comprehensive Income (G/L Cash Pension Asset/Liability Dec. 31. Pension Expense 2020 Other Comprehensive Income (PSC) Cash Pension Asset/Liability Dec. 31 2021 Dent Other Comprehensive Income (G/ Other Comprehensive Income (PSC) Canh

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