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Business, 02.11.2020 16:50 FriendlyDude640

Crane, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021: January 1, 2021December 31, 2021 Projected Benefit Obligation$2,630,000$2,980,000 Plan Assets$1,380,000$1,730,000 Accumulated Prior Service Cost - OCI$553,000$306,500 The service cost component for 2021 is $146,500 and the amortization of prior service cost is $246,500. What is the journal entry to record the amortization of prior service cost

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