Brady Corp, sponsors a defined-benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan. Plan assets (fair value) Projected benefit obligation Prior service cost $2,100,000 2,750,000 300,000 additional As a result of the operation of the plan during 2017, the actuary provided the following data at December 31, 2017 Service cost for 2017 Actual return on plan assets in 2017 Amortization of prior service cost Contributions in 2018 Benefits paid retirees in 2018 Settlement rate $295,000 210,000 60,000 460,000 320,000 7% Instructions (a) Compute pension expense for Brady Corp. for the year 2017 by preparing a pension worksheet. (b) Prepare the journal entry for pension expense