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The following information is provided to you from the pension administration firm of your client Benicia...

The following information is provided to you from the pension administration firm of your client Benicia Industrial, Inc:

Service Cost . . . . . . . . . . . . . . . . . . $86,450

Contribution to plan . . . . . . . . . . . . . . 104,500

Prior Service Cost Amortization. . . . . . . . . 4,800

Actual and Expected Return on Assets . . . . . . 96,650

Benefits Paid. . . . . . . . . . . . . . . . . . 64,900

Plan Assets, January 1, 2017 . . . . . . . . . . 905,000

Projected Benefit Obligation, January 1, 2019. . 945,500

Interest/Discount (settlement) rate. . . . . . . 6%

Accumulated OIC (PSC), January 1, 2019 . . . . . 24,000

Required Complete the pension worksheet below for 2019 and prepare the necessary journal entry at December 31, 2019.

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