Evergreen Inc. sponsors a defined contribution plan for its employees. In 2019, salaries eligible for a 3% payment toward defined contribution plans of employees are $1,144,000. Evergreen funded 100% of its obligation to fund 3% toward contribution plans as of the end of the year. Evergreen Inc. will also match contributions made by employees by the end of the year, up to 5% of salaries. Evergreen estimates the obligation to match up to 5% of salaries to be $19,500 on December 31, 2019. The amount will be paid to defined contribution plan in January of 2020.

1. Record Evergreen Inc.s journal entries related to its defined contribution plan in 2019.