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

Projected benefit obligation
Balance, January 1	$	157,000,000
Service cost		28,500,000
Interest cost		15,700,000
Benefits paid		(15,500,000	)
Balance, December 31	$	185,700,000
Plan assets
Balance, January 1	$	93,500,000
Actual return on plan assets		11,350,000
Contribution		26,500,000
Benefits paid		(15,500,000	)
Balance, December 31	$	115,850,000

The expected long-term return on plan assets is 10%. 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.