Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year:

Projected benefit obligation
Balance, January 1	$	4,100,000
Service cost		954,000
Interest cost		246,000
Benefits paid		(1,000,000	)
Balance, December 31
	$	4,300,000
Plan assets
Balance, January 1	$	4,000,000
Actual return on plan assets		450,000
Contribution		800,000
Benefits paid		(1,000,000	)
Balance, December 31
	$	4,250,000

The expected long-term return on plan assets is 12%. There were no other relevant data for the year.

Required:

1.	Determine Burrito's pension expense for the year.

2.	Prepare the journal entries to record the pension expense and funding for the year.

	Debit	Credit

3.

Determine the balance of the Prepaid/ Accrued Pension Cost account for the end of the year.