Can I get a step by step walk on how to work this problem out using the provided worksheet.following information relates to the current-year activity of the defined benefit pension plan of Kim Company, whose stock is publicly traded: Service cost $240,000 Expected return on plan assets 60,000 Interest cost on pension benefit obligation 80,000 Amortization of actuarial loss 20,000 Amortization of prior service cost 10,000 Kims pension cost for the current year is A. $240,000 B. $260,000 C. $270,000 D. $290,00

General Journal Entries Memo Record Annual Pension Expense DR OCI-Prior Service Cost (DR)/CR OCI Gain Loss (DRVCR Pension Asset Liability (DR)ICR Projected Benefit Plan Items Cash DR Obligation CR Assets DR Prior Service Cost Balance Service cost interest cost Actual/Expected return Unexpected gainloss Amortization of PSC Contributions Benefits Liabilty ncrease/decrease Amortization GL Journal entry for Accumulated OCI Balance