A. Funny Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2019.

Funny Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2019. January 1, 2019 December 31, 2019 Projected benefit obligation P 1,500,000 P 1,527,000 Market related and fair value of plan assets 800,000 1,130,000 Accumulated benefit obligation 1,600,000 1,720,000 Accumulated OCI(G/L) Net gain 0 (200,000)'The following facts apply to the pension plan of Boudreau Inc. for the year 2019. Plan Assets, January 1, 2019 P 4,900,000 Projected benefit obligation January 1, 2019 4,900,000 Settlement rate 8% Service cost 400,000 Contributions (funding) 250,000 Actual and expected return on plan assets 497,000 Benefits paid to retires 334,000 Instructions: Compute pension expense for the year 2019. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2019 and the year-end balances in the related pension accounts