Current Attempt in Progress Determine the components of pension expense that the company would recognize in $2025.($With only one year involved, you

need not prepare a worksheet.$)$

Components of Pension Expense

Interest on Projected Benefit Obligation

Actual Return on Plan Assets

Amortization of Gain or Loss Prepare the journal entry to record the pension expense and the company's funding of the pension plan in $2025.($Credit account

titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account

titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$ Compute the amount of the $2025$ increase$/$decrease in gains or losses and the amount to be amortized in $2025$ and $2026.($Do not

leave any answer field blank. Enter $0$ for amounts.$)$

$2025$ Increase$/$Decrease in

Amortization in $2025$

$

$\%.$

$

Amortization in $2026$

$Indicate the pension amounts reported in the financial statement as of December $31,2025.$

WILDHORSE COMPANY

Income Statement $($Partial$)$

$

Wildhorse Company sponsors a defined benefit plan for its $100$ employees. On January $1,2025,$ the company's actuary provided the

following information.

The average remaining service period for the participating employees is $10$ years. All employees are expected to receive benefits

under the plan. On December $31,2025,$ the actuary calculated that the present value of future benefits earned for employee services

rendered in the current year amounted to $$54,100$; the projected benefit obligation was $$494,100$; fair value of pension assets was

$$279,300$; the accumulated benefit obligation amounted to $$361,600.$ The expected return on plan assets and the discount rate on the

projected benefit obligation were both $10\%.$ The actual return on plan assets is $$11,500.$ The company's current year's contribution to

the pension plan amounted to $$64,400.$ No benefits were paid during the year.