Eaton Alarms Inc. has the following pension plan information for the year 2017.

The actual and expected rate of return on plan assets is $21,500, the benefits paid to

retirees are $51,750, the contribution (funding) is $125,000. The interest rate (interest rate) is 8%,

The prior service cost amortization is $11,500. The projected benefit obligation for January 1, 2017 was $570,000 and the service cost was $103,500

To do:

1- The pension expense for 2017.

2- The journal entry to recognize the pension expense and the employer contribution @ 2017