Goodday Ltd. has a defined benefit pension plan and a December 31 year-end. The following information relates to the plan:

Balances:
Defined benefit obligation, end of 20X7	$	5,275,000
Pension plan assets, fair value, end of 20X7		4,690,000
SFP net defined benefit liability, end of 20X7		585,000		cr.
SFP accumulated OCI, pension, end of 20X7		71,600		dr.
Retained earnings, end of 20X7		8,637,400		cr.
20X8 earnings, prior to any pension expense		4,224,000		cr.
Current service cost for 20X8, measured using the projected unit credit method		640,300
New past service cost granted in 20X8, negative because benefits were reduced and the liability has declined		((347,000	)
Contributions made to the pension plan assets paid at end of 20X8		431,000
Actuarial gain in 20X8, negative because caused by higher anticipated future mortality rates and the liability has declined		(103,000	)
Actual earnings in the fund, reported by the pension fund trustee, including interest, dividends, and change in fair value		150,800
Benefits paid to pensioners from Pension fund assets paid at end of 20X8		69,100
Interest rate on long-term corporate bonds, end of 20X8		5	%

Required: 1. Calculate service cost and payment to the pension fund trustee.

find:

service cost = ?

payment to the pension fund trustee = ?

2. Prepare the entry to record service cost and record the payment to the pension fund trustee. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

A. record the service cost

B. Record the contribution to the pension fund trustee.