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Accounting

how do I do this?

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The following facts apply to the pension plan of Blue Inc for the year 2020. Plan assets, January 1, 2020 $490,400 Projected benefit obligation, January 1, 2020 490,400 Settlement rate 8 26 Service cost 38,500 Contributions (Funding) 27.300 Actual and expected return on plan assets 48.000 Benefits paid to retirees 32.500 Using the preceding data, compute pension expense for the year 2020. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2020 and the year-end balances in the related pension accounts. (Enter all amounts as positive.) BLUE Pension World General Journal Entries Annual Pension Expense Items Cash Balance, January 1, 2020 $ $ Service cost > Interest cost > Actual return v Contributions Benefits > Journal entry, December 31 S Balance. December 31.2020 BLUE INC. Pension Worksheet-2020 Memo Record 3 Pension Asset/ Liability Projected Benefit Obligation $ V $ > > V > 5 S hook and Media Memo Record Plan Projected Benefit Obligation Assets > > > > > > > S S

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