Information about the pension plan: PBO at 1/1/23, $1.5 million Fair value of plan assets 1/1/23, $1.5 million On 1/2/23, a dispute with the union (that included the threat of a strike) is resolved when the company amends its pension plan to create an additional $500,000 of benefits. The prior service cost will be amortized over 10 years on a straight-line basis, with 2023 as the first year of amortization Service cost for the year, $200,000 Settlement rate

Record the journal entry(ies) for 2023 here.

State how total assets, total liabilities, and total equity is affected by the journal entry(ies) shown above. Determine whether any amortization of unexpected gain/loss should be recorded in the 2022 pension expense, assuming the company adopts the corridor approach. Show how you made your determination