B education.wiley.com i!) NWP Assessment Player Ul Application Question 2 of4 /1 E View Policies Current Attempt in Progress The following dened pension data of Buffalo Corp. apply to the year 2020' Projected benet obligation, 1/1/20 (before amendment) $545,000 Plan assets, 1/1/20 531,200 Pension liability 13,800 On January 1,2020, Buffalo Corp., through plan amendment, grants prior service benets having a present value of 119,000 Settlement rate 8 % Service cost 63,800 Contributions (funding) 60,600 Actual (expected) return on plan assets 52,000 Benets paid to retirees 38,200 Prior service cost amortization for 2020 16,400 For 2020, prepare a pension worksheet for Buffalo Corp, that shows thejournal entry for pension expense and the year-end balances in the related pension accounts, (Enter all amounts as positive.) ... Annual Pension Items Expense Cash $ Balance, Dec. 31, 2019 Prior service cost Balance, Jan. 1, 2020 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec. 31, 2019 -11E ... Prior service cost Balance, Jan. 1, 2020 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits $ Journal entry for 2020 Accumulated OCI, Dec. 31, 2019 Balance, Dec. 31, 2020 eTextbook and Media ... Memo Record Pension Asset/ Projected Benefit Plan Liability Obligation Assets to $ $ 4 4