Question: E19.4 (LO 2) (Basic Pension Worksheet) The following facts apply to the pension plan of Boudreau plc for the year 2025. Plan assets, January 1,

E19.4 (LO 2) (Basic Pension Worksheet) The following facts apply to the pension plan of Boudreau plc for the year 2025.

Plan assets, January 1, 2025 £490,000 Defined benefit obligation, January 1, 2025 490,000 Discount (interest) rate 8%

Service cost 40,000 Contributions (funding) 25,000 Actual return on plan assets 39,200 Benefits paid to retirees 33,400 Instructions Using the preceding data, compute pension expense for the year 2025. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2025 and the year-end balances in the related pension accounts.

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