Part B Oak Corp. has a fiscal year-end of December 31. The following information relates to the 2019 activity of the defined benefit pension plan of Oak, a company whose stock is publicly traded: Fair Value of Plan Assets at 1/1/2019 Projected Benefit Obligation at 1/1/2019 Unamortized Prior Service Cost at 1/1/2019 Unrecognized Net Gain/Loss at 1/1/2019 $1,900,000 $2,200,000 $700,000 $38,000 credit Service Cost for 2019 Interest Cost on PBO Expected Return on Plan Assets Actual Return on Plan Assets $450,000 $176,000 10% $255,000 Remaining Service life of employees Retirement Benefits paid during 2019 10 years $350,000 Oak's employer contribution for 2019 $500,000 Required: Determine the components of pension expense for 2019 and prepare the accounting entry to record 2019 pension expense. Oak uses the corridor approach for to account for unrecognized net gains and losses. 2) Indicate what amounts related to the pension would be shown on Oak's 2019 income statement. 3) Indicate what amounts related to the pension would be shown on Oak's balance sheet at December 31, 2019. Where in balance sheet would the items be presented? Part B Oak Corp. has a fiscal year-end of December 31. The following information relates to the 2019 activity of the defined benefit pension plan of Oak, a company whose stock is publicly traded: Fair Value of Plan Assets at 1/1/2019 Projected Benefit Obligation at 1/1/2019 Unamortized Prior Service Cost at 1/1/2019 Unrecognized Net Gain/Loss at 1/1/2019 $1,900,000 $2,200,000 $700,000 $38,000 credit Service Cost for 2019 Interest Cost on PBO Expected Return on Plan Assets Actual Return on Plan Assets $450,000 $176,000 10% $255,000 Remaining Service life of employees Retirement Benefits paid during 2019 10 years $350,000 Oak's employer contribution for 2019 $500,000 Required: Determine the components of pension expense for 2019 and prepare the accounting entry to record 2019 pension expense. Oak uses the corridor approach for to account for unrecognized net gains and losses. 2) Indicate what amounts related to the pension would be shown on Oak's 2019 income statement. 3) Indicate what amounts related to the pension would be shown on Oak's balance sheet at December 31, 2019. Where in balance sheet would the items be presented