Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2014 and 2015.

		2014			2015
Plan assets (fair value), December 31		$1,423,863			$1,729,413
Projected benefit obligation, January 1		1,425,900			1,629,600
Pension asset/liability, January 1		285,180	Cr.		?
Prior service cost, January 1		509,250			488,880
Service cost		122,220			183,330
Actual and expected return on plan assets		48,888			61,110
Amortization of prior service cost		20,370			24,444
Contributions (funding)		234,255			244,440
Accumulated benefit obligation, December 31		1,018,500			1,120,350
Interest/settlement rate		8	%		8	%

A. Compute pension expense for 2014 and 2015.

B.Prepare the journal entries to record the pension expense and the companys funding of the pension plan for both years.