V w 1 Pension Expense Bailey Company has had a defined benefit pension plan for several years. At the end 2 Bailey's actuary provided the following information for 2019 regarding the pension plan: (1) services 2.3 $115,000; (2) expected return on plan assets, $14,000; (3) amortization of net loss, $2,000; (4) interest is projected benefit obligation, $16,000; and (5) amortization of prior service cost, $4,000. Bailey decides tot an amount at the end of 2019 equal to its pension expense. Required: 1. Compute the amount of Bailey's pension expense for 2019 and prepare the related journal entry 2. Next Level If Bailey had decided to fund an amount less than the 2019 pension expense low wat company's balance sheet be affected? -2 Pension Expense and Liability On December 31, 2019, Robey Company accumulated the following 2.2 for 2019 in regard to its defined benefit pension 9.3 Service cost $105,000 Interest cost on projected benefit obligation 12,000 Expected return on plan assets 11,000 w Amortization of prior service cost OW On its December 31, 2018, balance sheet, Robey had reported an accrued/prepaid pension $14,000. Required: 1. Compute the amount of Robey's pension expense for 2019, 2,000 cost