Amherst City provides a defined benefit pension plan for employees of the city electric utility, an enterprise fund. Assume that the projected level of earnings on plan investments is $196,000, the service cost component is $255,000, and interest on the pension liability is $163,000 for the year.Actual returns on plan assets for the year were $179,000, and the City is amortizing a deferred outflow resulting from a change in plan assumptions from a prior year in the amount of $7,100 per year.

Please explain how to prepare journal entries to record annual pension expense for the enterprise fund.

• Record entry for pension expense.
• Record entry for additional pension liability.
• Record entry for amortization of deferred outflow resulting from change in pension plan assumptions.