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new Policies Current Attempt in Progress The following defined pension data of Larkspur Corp. apply to the year 2020. Projected benefit obligation, 1/1/20 (before amendment) $616,000 Plan assets, 1/1/20 601,600 Pension liability 14.400 On January 1, 2020, Larkspur Corp., through plan amendment, grants prior service benefits having a present value of 126.000 Settlement rate 9 % Service cost 61.500 Contributions (funding) 61,000 Actual (expected) return on assets 54,800 Benefits paid to retirees 42,700 Prior service cost amortization for 2020 15.600 For 2020. prepare a pension worksheet for Larkspur Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. (Enter all amounts as positive.) Items Annual Pension Expense Cash Balance, Dec. 31, 2019 $ $ Balance, Jan. 1, 2020 > $ Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 7 $ OCI-Prior Service Cost Pension Asset/ Liability $ $ LA $ GA Temo recuru Projected Benefit Obligation Plan Assets $ $ > > > > > GA Balance, Jan. 1, 2020 > $ Accumulated OCI, Dec 31, 2019 Balance, Dec 31, 2020 7 $ OCI-Prior Service Cost Pension Asset/ Liability $ $ LA $ GA Temo recuru Projected Benefit Obligation Plan Assets $ $ > > > > > GA

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