Dinosaur Inc has a defined benefit pension plans for all employees. The following information was compiled in order to accrue the pension cost for $2021$:

Service cost $150,000$

Projected benefit $700,000$

Interest $($Discount$)$ rate $7\%$

Plan assets Jan $1800,000$

Plan assets Dec $31840,000$

Company contributions $160,000$

Benefits paid $90,000$

There are no prior year service costs. Give the journal entry for the pension accrual.