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2- (Basic Pension Worksheet) The following facts apply to the pension plan of I-Pass Corporation for the year 2012 Plan assets, January 1, 2012 $950,000 Projected benefit obligation, January 1, 2012 950,000 Settlement rate 6% Service cost 75,000 Contributions (funding) 10,000 Actual and expected return on plan assets 40,600 Benefits paid to retirees 42,200 Instructions Using the preceding data, compute pension expense for the year 2012. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2012 and the year-end balances in the related pension accounts. earch Sod