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. Pension asset/liability (January 1) $0, Actual return on plan assets $40,000, Expected return on plan assets $20,000, Contributions (funding) in 2014 $35,000, Fair value of plan assets (December 31) $75,000, Settlement rate 10%, Projected benefit obligation (January 1) $0, Service cost $60,000, and Benefits paid in 2014 $0