The following defined pension data of Yang Ltd. apply to the year 2019 (amounts in thousands).

Defined benefit obligation, 1/1/19 (before amendment).........................................................¥560,000

Plan assets, 1/1/19..........................................................................................................................546,200

Pension liability.................................................................................................................................13,800

On January 1, 2019, Yang Ltd., through plan amendment, grants past service benefits having a 

present value of..............................................................................................................................120,000

Discount (interest) rate............................................................................................................................9%

Service cost.........................................................................................................................................58,000

Contributions (funding).....................................................................................................................65,000

Actual return on plan assets.............................................................................................................49,158

Benefits paid to retirees....................................................................................................................40,000

Instructions

For 2019, prepare a pension worksheet for Yang Ltd. that shows the journal entry for pension expense and the year-end balances in the related pension accounts?