- - Question #4 The following information is provided to you from the pension administration firm of your client Benicia Industrial, Inc: Service Cost $86,450 Contribution to plan 104,500 Prior Service Cost Amortization. 4,800 Actual and Expected Return on Assets 96,650 Benefits Paid. 64,900 Plan Assets, January 1, 2017 905,000 Projected Benefit obligation, January 1, 2019. 945,500 Interest/Discount settlement) rate. 63 Accumulated OIC (PSC), January 1, 2019 24,000 Required Complete the pension worksheet below for 2019, and prepare the necessary journal entry at December 31, 2019. General Journal Entries on Company's Books Memo Record Only Annual OIC Pension Projected Pension Prior Asset Benefit Plan Expense Cash SC Liability Obligation Assets Bal. 1/1/19 24,000 dr. $40,500 cr. 5945,500 cr. $905,000 dr Service Cost Interest Cost Actual Return PSC Amortize Contributions Benefits Paid Subtotal "S/E" Bal. 12/31/19 2019 Journal Entry Debit Credit