Current service cost for a defined benefit pension plan amounted to $6,000,000.

This pension plan's assets generated $5,500,000 of income, which exceeded expectations by $1,000,000.

Pension obligations incurred interest cost of $4,500,000, which were above expectations by $200,000.

During the year, the company increased benefits in the pension plan and incurred $400,000 for past service cost.

Required:

Compute the amount of pension expense for the year

Prepare the journal entry (in summary) assuming the company contributed $6,000,000 in cash at the end of the year.