On December 31, 2019, Palmer Company determined that the 2019 service cost on its defined benefit pension plan was $130,000. At the beginning of 2019, Palmer had pension plan assets of $520,000 and a projected benefit obligation of $700,000. Its discount rate (and expected long-term rate of return on plan assets) for 2019 was 10%. There are no other components of Palmers pension expense; the company had an accrued/prepaid pension cost liability at the end of 2018.

Required:

1.	Compute the amount of Palmers pension expense for 2019.
2.	Prepare the journal entry to record Palmers 2019 pension expense if it funds the pension plan in the amount of (a) $148,000 and (b) $130,000.