Dade Shutters Inc. sponsors a defined-benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets $1,650,000 Projected benefit obligation 1,960,000 Pension liability 310,000 Prior service cost 240,000 As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost for 2017 Settlement rate, 6% $133,000 Actual return on plan assets in 2017 108,000 Expected return on plan assets Unexpected gain from change in projected benefit obligation, 160,000 due to change in actuarial predictions 211,000 Contributions in 2017 143,000 Benefits paid retirees in 2017 178,000 Average service life of employees 10 years

Instructions (a) Using the data above, compute pension expense for Dade Shutters for the year 2017 by preparing a pension worksheet. (b) Prepare the journal entry for pension expense for 2017