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Exercise 20-03 Carla Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $91,800 Contribution to the plan 103,500 Prior service cost amortization 9,400 Actual and expected return on plan assets 63,200 Benefits paid 39.700 Plan assets at January 1, 2020 647,900 Projected benefit obligation at January 1, 2020 712,300 Accumulated OCI (PSC) at January 1, 2020 147,400 Interest/discount (settlement) rate 10% Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive) CADIACONDAY Pension Asset/ Liability Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020 (Enter all amounts as positive CARLA COMPANY Pension Worksheet-2020. General Journal Entries Annual Items Pension Expense Cash Prior Service cost Balance, January 1, 2020 Service cost Interest cost Actual return Amortization of PSC Contbutions Benefits v Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 Prepare the journal entry recording pension expense. (Credit account titles are automaticall O for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work

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