What is the Pension Asset/Liability balance on January 1, 2025? Items Balance, Jan 1, 2025 (a) Service Cost (b) Interest Cost (c) Actual Return (d) Contributions (e) Benefits Journal Entry for 2025 Balance, Dec 31, 2025 Annual Pension Expense Dillon Company Pension Worksheet General Journal Entries $ 35,000 dr 15,000 dr 12,000 cr $ $ 38,000 dr $ Cash 40,000 cr 40,000 cr Pension Asset/ Liability ?? Memo Record Projected Benefit Obligation $ 150,000 cr $ 10,000 dr $ 160,000 Plan Assets $ 120,000 dr $ 40,000 dr $ 10,000 cr $ 150,000