25-1) On December 31, 2015, Clemson Company determined that the 2015 service cost on its defined benefit pension plan was $245,000. At the beginning of 2015, Clemson had pension plan assets totaling $990,000 and a projected benefit obligation of $750,000. Its discount rate and expected long-term rate of return on plan assets for 2015 were both 12%. Required: 1) Compute the amount of Clemson's pension expense for 2015. 2) Record the journal entries for Clemson's 2015 pension expense if it funds the pension plan in the amount of $225,000