aquestions - Homework Chapter 20 Question 4 of 5 - / 26 E View Policies Current Attempt in Progress 1 2 Bonita Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the year 2020 in which no benefits were paid. The actuarial present value of future benefits earned by employees for services rendered in 2020 amounted to $56.200 The company's funding policy requires a contribution to the pension trustee amounting to $155.550 for 2020. As of January 1, 2020, the company had a projected benefit obligation of $907.500, an accumulated benefit obligation of $806, 300, and a debit balance of $399 400 in accumulated OCI (PSC). The fair value of pension plan assets amounted to $603.700 at the beginning of the year. The actual and expected return on plan assets was $53,600. The settlement rate was 10%. No gains or losses occurred in 2020 and no benefits were paid Amortization of prior service cost was $50,100 in 2020, Amortization of net pain or loss was not required in 2020 3. 4. Determine the amounts of the components of pension expense that should be recognized by the company in 2020. fEnter amounts that reduce pension expense with either a negative sin preceding the number eg -45 or parenthesis es (450 Components of Pension Expense 29 GIVA -18b-bec-245616055estion mework Chapter 20 Question 4 of 5 > -/26 Determine the amounts of the components of pension expense that should be recognized by the company in 2020 (Enter amounts that reduce pension expense with either a nepotive sin preceding the numberes 45 or parenthesites (451) Components of Pension Expense eTextbook and Media List of Accounts 29 Gtv so olm Maunchiddatd96d-456-497-bec5-7445016asestions mework Chapter 20 Question 4 of 5 - /26 Prepare the journal entry or entries to record pension expense and the employer's contribution to the pension trustee in 2020 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 for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts 29 dtv A DO Question 4 of 5