Below Is Information on a County's Defined Benefit Pensions for Employees

Essay

Below is information on a county's defined benefit pensions for employees of governmental and proprietary funds, found on the government-wide financial statements for fiscal 2020.
•The total pension liability, measured at the end of fiscal 2020, is $600,000,000, while the total pension liability, measured at the end of fiscal 2019, is $540,000,000.
•Net increase in deferred outflows related to pensions was $25,000,000; amortization of deferred outflows to pension expense was $1,000,000.
•Net increase in deferred inflows related to pensions was $3,000,000; amortization of deferred inflows to pension expense was $300,000.
•The county transferred $20,000,000 in cash to the pension trust fund.
Required
Prepare the summary journal entry or entries to record the county's pension expense and cash payment for fiscal 2020 in the government-wide financial statements.