18) Pension data for the Broncos Company include the following for the current calendar year Discount rate, 8% Expected return on plan assets, 10% Actual return on plan assets, 9% Service cost, $200,000 January 1: PBO $1,400,000 ABO 1,000,000 Plan assets 1,500,000 Amortization of prior service cost 20,000 Amortization of net gain 4,000 December 31: Cash contributions to pension fund $220,000 Benefit payments to retirees 240,000 Required: 1) Determine pension expense for the year. Show your calculation. If not, no credit. 2) Prepare the journal entries to record pension expense and funding for the year. 3) Compute the ending balance of PBO (balance on 12/31).