The accountant for Crane Corporation has developed the following information for the company's defined-benefit pension plan for 2021: Service cost $455,000 Actual return on plan assets 232,000 Annual contribution to the plan 902,000 Amortization of prior service cost 123,200 Benefits paid to retirees 51,000 Settlement rate 10% Expected rate of return on plan assets 8% The accumulated benefit obligation at December 31, 2021, amounted to $3,160,000. Using the above information for Pharoah Corporation, complete the pension work sheet for 2021. (Do not leave any answer field blank. Enter o for amounts.) Corporation Pension Work Sheet-2021 General Journal Entries Annual Pension OCI-Prior OC-Gain/ Expense Cash Service Cost Loss Balance, Dec. 31, 2020 , V V 631,000 V Memo Entries Pension Asset/ Liability Projected Benefit Obligation Plan Assets V V 4,060,000 2,780,000 Service cost (Dr. V 530,000 V (Cr. v 530,000 Interest cost V V V Actual return V V Unexpected gain/loss v V | Journal entry for 2021 V V V Accumulated OCI, 12/31/20 Balance, Dec. 31, 2021 v Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Dec. 31, 2021 Pension Expense Pension Asset/Liability Credit Cash