Ivanhoe Company sponsors a defined benefit plan for its $100$ employees. On January $1,2025,$ the company's actuary provided the

following information.

The average remaining service period for the participating employees is $10$ years. All employees are expected to receive benefits

under the plan. On December $31,2025,$ the actuary calculated that the present value of future benefits earned for employee services

rendered in the current year amounted to $$53,200$; the projected benefit obligation was $$492,900$; fair value of pension assets was

$$279,700$; the accumulated benefit obligation amounted to $$357,900.$ The expected return on plan assets and the discount rate on the

projected benefit obligation were both $10\%.$ The actual return on plan assets is $$12,000.$ The company's current year's contribution to

the pension plan amounted to $$64,800.$ No benefits were paid during the year.

$($a$)$

Your answer is correct.

Determine the components of pension expense that the company would recognize in $2025.($With only one year involved, you

need not prepare a worksheet.$)$

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List of Accounts

$($b$)$

Your answer is correct.

Prepare the journal entry to record the pension expense and the company's funding of the pension plan in $2025.($Credit account

titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account

titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

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List of Accounts

$($c$)$

Your answer is partially correct.

Compute the amount of the $2025$ increase$/$decrease in gains or losses and the amount to be amortized in $2025$ and $2026.($Do not

leave any answer field blank. Enter $0$ for amounts.$)$

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List of Accounts