On January 1, 2021, Cullumber Co. has the following balances: Projected benefit obligation $4500000
Fair value of plan assets 3900000

The settlement rate is 10%. Other data related to the pension plan for 2021 are:

Service cost $309000
Amortization of prior service costs 66500
Contributions 349000
Benefits paid 324000
Actual return on plan assets 341000
Amortization of net gain 22900

Required:
a. Calculate pension expense for 2021.
b. Prepare the journal entry to record pension expense and the contributions for 2021.

1. what must one do to perform the essential managerial task of controlling in achieving organizational goals? a. motivate, coordinate, and energize individuals and groups to work together to achieve organizational goals b. choose appropriate organizational goals and courses of action to best achieve those goals c. establish task and authority relationships that allow people to work together to achieve organizational goals d. establish accurate measuring and monitoring systems to evaluate how well the organization has achieved its goals