ABC Corporation provides a defined benefit pension plan for its employees. A combination adjusting entry should be made to correctly account for this type of pension plan given the following items of information for the 2014 plan year, including the recording of pension expense and the employer's contribution to the pension plan in 2014. Note: Use the summary entry method as demonstrated and discussed in the chapter lectures on pension accounting to prepare the adjusting entry. Pension Asset/liability (Jan. 1) $77,000 Actual return on plan assets $40,000 Expected return on plan assets $20,000 Contribution (funding) in 2014 $37,000 Fair value of plan assets (December 31) $75,000 Settlement rate 10% Projected Benefit Obligations (January 1) $0 Service Cost $60,000 Benefits paid in 2014 $0 *For purposes of financial statement presentation, consider Pension Expense as an operating item and any resulting Pension Asset/Liability as long-term in nature. *Would like help with the journal entries.