Question: Pension data for Sam Adams Inc. include the following for the current calendar year: Discount rate, 8% Expected return on plan assets, 10% Actual return

Actual return on plan assets, 9% Service cost, $460,000 Required: 1. Determine

Pension data for Sam Adams Inc. include the following for the current calendar year: Discount rate, 8% Expected return on plan assets, 10% Actual return on plan assets, 9% Service cost, $460,000 Required: 1. Determine pension expense for the year. 2. Prepare the journal entries to record pension expense and funding for the year. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Determine pension expense for the year. (Amounts to be deducted should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. Prepare the journal entries to record pension expense and funding for the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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