Ferreri Company received the following selected information from its pension plan trustee concerning the operation of the companys defined benefit pension plan for the year ended December 31, 2014.

	Jan 1, 2014	Dec 31, 2014
Projected benefit obligation	$1,473,800	$1,506,800
Market-related & fair value of plan assets	833,800	1,207,180
Accumulated benefit obligation	1,687,500	1,807,180
Accumulated OCI (G/L) - Net gain	0	(197,380)

The service cost component of pension expense for employee services rendered in the current year amounted to $83,000 and the amortization of prior service cost was $119,680. The companys actual funding (contributions) of the plan in 2014 amounted to $290,000. The expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of $1,196,800 on January 1, 2014. Assume no benefits paid in 2014.

Determine the amounts of the components of pension expense that should be recognized by the company in 2014. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Components of Pension Expense

	$ ??
	$ ??
	$ ??
	$ ??
	$ ??

Prepare the journal entry to record pension expense and the employers contribution to the pension plan in 2014. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles & Explanation	Debit	Credit

Indicate the pension-related amounts that would be reported on the income statement and the balance sheet for Ferreri Company for the year 2014.

Ferreri Company Income Statement (Partial) For the year ended Dec 31, 2014

	$

Ferreri Company Comprehensive Income Statement For the year ended Dec 31, 2014

		$xxxx
	$
	$
		$
		$xxxx

Ferreri Company Balance Sheet (Partial) Dec 31, 2014

	$
	$
	$