Latoya Company provides the following information related to its defined benefit pension plan for 2012. Pension asset/Liability (January 1) $41,200 Cr. Accumulated benefit obligation (December 31) 400,000 Actual and expected return on plan assets 15,000 Contributions (funding) in 2012 158,100 Fair value of plan assets (December 31) 362,300 Settlement rate 10% Projected benefit obligation (January 1) 704,900 Service cost 87,200 (a) Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2012. (List multiple debit/credit entries from largest to smallest amount, e.g. 10, 5, 2.) Description/Account Debit Credit CashPension asset/LiabilityPension Expense Pension asset/LiabilityPension ExpenseCash CashPension ExpensePension asset/Liability (b) Indicate the pension-related amounts that would be reported in the company's income statement and balance sheet for 2012. Income Statement Pension expense $ Balance Sheet Liabilities Pension asset/Liability $