Moochies Toy Company (Moochie) provided the following information relating to its Defined Pension Benefit Plan for the year of 2021: Defined Benefits Obligation, Jan 1, 2021 $1000000 Plan Asset, Jan 1, 2021 $1250000 Current Service Costs $150000 Payments to Retirees during 2021 $200000 Contributions made during 2021 $225000 Actual Return of Plan Assets for 2021 $90000 Expected Rate of Return 7% Actuarial Gain on Obligation for 2021 $50000 Required: Assuming that Moochie uses a third party to manage its pension. Prepare any journal entries required to record the 2021 pension. On December 31, 2021, what is the value that would be seen on Moochies Balance Sheet and is that value considered at par, underfunded or overfunded?