Amex Company started a noncontributory defined benefit pension plan on January $1$ of last year. Company records show the following for the current year.

Required.

a$.$Compute net pension expense for the current year assuming that the January $1$ Accumulated OCI$$Pension Gain$/$Loss is amortized over a $15-$year average remaining service period.

b$.$ Prepare journal entries for $(1)$ pension expense, $(2)$ deferral of the gain, $(3)$ funding, and $(4)$ benefits paid.

c$.$ Compute the underfunded $($overfunded$)$ pension balance as of December $31.$

d$.$ Create a worksheet to summarize the pension data at the end of the current year.