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

	2014	2015	2016
Plan assets , December 31	380,000	515,000
Projected Benefit Obligation, January 1	600,000	700,000	900,000
Pension Asset/Liability, January 1	340,000 (cr)
Unrecognized prior service cost, January 1	300,000
Service Cost	60,000	90,000
Expected return on plan assets	24,000	30,000
Amortization of prior service cost	10,000	12,000
Contributions	110,000	120,000
Settlement rate	9%	9%

Required:

a. Complete the pension worksheet for 2014 and 2015.

b. Record the journal entry to recognize pension expense for each year.