View Policies Current Attempt in Progress On January 1, 2020, Monty Company has the following defined benefit pension plan balances. The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $494,000 are created. Other data related to the pension plan are as follows. Question 5 of 6 Service cost Interest cost Actual return Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec. 31, 2019 Balance Dec 31,2020 Additonal PSC 1/1/2021 Balance, Jan 1, 2021 Service cost Interest cost Actual return Unerpected loss Amortization of PSC Contributions Benefits journal entry for 2021 freumulated OC1, Dec:31, 2020 Balarce. Dec. 31.2021 Search