Question: At January 1, 2019, Uddin Company had plan assets of $250,000 and a defined benefit obligation of the same amount. During 2019, service cost was

At January 1, 2019, Uddin Company had plan assets of $250,000 and a defined benefit obligation of the same amount. During 2019, service cost was $27,500, the discount rate was 10%, actual return on plan assets was $25,000, contributions were $20,000, and benefits paid were $17,500. Prepare a pension worksheet for Uddin Company for 2019.

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