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Sheridan Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $497,900 571,700 73,800 101,400 Dr. As a result of the operation of the plan during 2020, the following additional data are provided by the actuary. $87,700 Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions Contributions Benefits paid retirees 53,100 18,300 50,200 74,400 97,200 84,500 SHERIDAN CORP. Pension Worksheet General Journal Entries OCI-Prior OCI - Gain/ Service Cost Loss Annual Pension Expense Pension Asset/ Liability Items Cash Balance, Jan. 1, 2020 V $ Service cost V Interest cost V V Actual return V Unexpected gain V V Amortization of PSC V V Liability increase Contributions V Benefits V Journal entry for 2020 $ $ V DOOM Accumulated OCI, Dec. 31, 2019 Balance, December 31, 2020 $ V Memo Record Projected Benefit Obligation Plan Assets $ $ $