General Electric Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2018, the following balances related to this plan. Plan assets (fair value) $2,200,000 2,400,000 Projected benefit obligation Pension asset/liability Prior service cost 200,000 Cr. 300,000 260,000 OCI- Loss As a result of the operation of the plan during 2018, the actuary provided the following additional data at December 31, 2018. Service cost for 2018 Actual return on plan assets in 2018 Amortization of prior service cost Contributions in 2018 Benefits paid retirees in 2018 Settlement rate Expected return rate Average remaining service life of active employees 10 years $280,000 80,000 60,000 460,000 320,000 7% 5% Instructions (a) Compute pension expense for General Electric Corp. for the year 2018 by preparing a pension worksheet. (b) Prepare the journal entry for pension expense