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Would you please help me understand this problem? It is unclear what numbers I need to enter and where. Problem 20-01 On January 1, 2020,

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Would you please help me understand this problem? It is unclear what numbers I need to enter and where.

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Problem 20-01 On January 1, 2020, Headland Company has the following defined benefit pension plan balances. Projected benefit obligation $4,569,000 Fair value of plan assets 4,160,000 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 $509,000 are created. Other data related to the pension plan are as follows. 2020 2021 Service cost $150,000 $182,000 Prior service cost amortization 90,000 Contributions (funding) to the plan 245,000 283,000 Benefits paid 199,000 277,000 Actual return on plan assets 249,600 257,000 Expected rate of return on assets 6% 8% Prepare a pension worksheet for the pension plan for 2020 and 2021. (Enter all amounts as positive.)Prepare a pension worksheet for the pension plan for 2020 and 2021. (Enter all amounts as positive.) HEADLAND COMPANY Pension Worksheet-2020 and 2021 Memo Record Items Annual Pension General Journal Entries OCI-Prior OCI-Gain/ Expense Cash Service Cost Pension Asset/ Projected Benefit Plan Loss Liability Obligation Assets Balance, Jan. 1, 2920 409000 Cry 4569000 Crews 4160000 Dry Service cost 150050 | Dry 150000 Cry Interest cost 456900 Dr. w v 156900 Cr. v Actual return 249600 Cr, w Y 249600 Dry Contributions 249000 Cr. 245000 Dry Benefits v 199000 D.. 199000 Cry Journal entry for 2020 357300 On w 243000C. w 112300 Cry 4976900 Cry 4495600 C. Accumulated OCI, Dec. 31, 2019 v v Balance, Dec. 31, 2020 521300 CY 4976900 Cry 4535600 Dr, w Additional PSC. 1/1/2021 v 309000 Balance, Jan. 1, 2021 v 309000 Cry 3485900 Service cost 182000 De. Interest cost 182000 C. Cr. Y Actual return 257000 C. Y Unexpected lows 107448 C. w 107448 v 257000 D.. Amortization of PSC 90050 DE v Contributions v v v Benefits v 277000 Dry 277000 C. Journal entry for 2021 283080 C.. v 419500 Dev v Accumulated OCT. Dec. 31, 2020 Balance. Dec. 31, 2021 419500 DY 107448 DY DEV SHOW LIST OF ACCOUNTSFor 2021, prepare the journal entry to record pension-related amounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Account Titles and Explanation Debit Credit Pension Expense Other Comprehensive Incc Other Comprehensive Incc Cash Pension Asset/Liability Click if you would like to Show Work for this question: Open Show Work

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