6. Presented below is information related to Mikell Department Stores, Inc. pension plan for 2021. Service cost 520,000 Funding contribution for 2021 Settlement rate used in actuarial computation Expected and actual return on plan assets 500,000 10% 9% Amortization of Prior Service Costs 100,000 Amortization of net gains 45,000 Projected benefit obligation (at beginning of year) 480,000 Market-related (and fair) value of plan assets (at beginning of year) 360,000 No benefits were paid during 2021. Required: (a) Compute the amount of pension expense to be reported for 2021. (b) Prepare the journal entry to record pension expense for 2021.