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At the end of the current year, Eastern Electric received the following information from its actuarial firm: Pension expense $ 2,500,000 Postretirement benefits expense 750,000

At the end of the current year, Eastern Electric received the following information from its actuarial firm: Pension expense $ 2,500,000 Postretirement benefits expense 750,000 The pension plan is fully funded. Eastern Electric has funded only 45 percent of the non-pension postretirement benefits this year. Required: a-b. Record pension expense and nonpension postretirement benefit expenses for the entire year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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