IV. Preparing a pension work sheet. (15 points) The accountant for Nashville Corporation has developed the following information for the company's defined-benefit pension plan for 2020: Service cost Actual return on plan assets Annual contribution to the plan Amortization of prior service cost Benefits paid to retirees Settlement rate Expected rate of return on plan assets $500,000 250,000 920,000 125,000 60,000 10% 8% The accumulated benefit obligation at December 31, 2020, amounted to $3,250,000. Instructions (a) Using the above information for Nashville Corporation, complete the pension work sheet for 2020. Indicate (credit) entries by parentheses. Calculated amounts should be supported. INCLUIR CMPUTOS (b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2020. INCLUIR CMPUTOS (a) Nashville Corporation Pension Work Sheet-2020 General Journal Entries Memo Entries OCI Annual Pension Expense Gain/ Pension Asset / Liability Projected Benefit Obligation Cash PSC Loss Plan Assets Bal., Dec. 31, 2019 625,000 1,250,000 (4,000,000) 2,750,000 Service Cost Interest Cost Actual return Unexpected gain/loss Amortization of PSC Contributions Benefits Gain/loss amort. Journal entry for 2020 Balance, Dec. 31, 2020 (b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2020