using the below information, prepare a pension worksheet inserting January 1, 2019 balances showing December 31, 2019 balances and the journal entry recording pension expense

veldre spa provides thw following information about its defined benefit pension plan for the year 2019 service cost 90,000 contribution to the plan 105,000 benefits paid 40,000 plan assets at January 1, 2019 640,000 defined benefit obligation at January 1, 2019 700,000 discount (interest) rate 10% compute the pension expense for the year 2019