The following information relates to the 2005 activity of the defined benefit pension plan of Linsey Corp., a company whose stock is publicly traded: Service cost $150,000 Expected and actual return on plan assets 40,000 Interest cost on pension benefit obligation 82,000 Amortization of actuarial loss 15,000 Fair value of plan assets at year end 800,000 Accumulated benefit obligation at year end . 750,000 January 1 balance of Prepaid/Accrued Pension Cost Employer contribution to plan during 2005 250,000 Required: 1. Determine the components of pension expense for 2005 and develop the accounting entry to record the pension expense. 2. Determine whether a minimum pension liability is necessary and, if it is, develop the accounting entry to record the minimum liability amount. 3. Indicate what amounts related to the pension would be shown in Linsey's 2005 income statement: 4. Indicate what amounts related to the pension would be shown in Linsey's balance sheet as of December 31, 2005. In what category of the balance sheet would the items be presented