Oriole Company provides the following selected information related to its defined benefit pension plan for $2025.$

Pension asset$/$liability $($January $1)$ $ $24,900$ Cr$.$

Accumulated benefit obligation $($December $31)402,300$

Actual and expected return on plan assets $10,900$

Contributions $($funding$)$ in $2025151,500$

Fair value of plan assets $($December $31)805,100$

Settlement rate $10\%$

Projected benefit obligation $($January $1)697,100$

Service cost $80,51($a$1)$

V Your answer is correct.

Compute pension expense.

Pension expense for $2025$

$ Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in $2025.$

Preparation of a pension worksheet is not required. Benefits paid in $2025$ were $$29,500.($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 O for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit

Pension Expense

Pension Asset$/$Liability $($b$1)$

Indicate the pension$-$related amounts that would be reported in the company's income statement for $2025.$

ORIOLE COMPANY

Income Statement $($Partial$)$

$$0$

Instructions

a$)$ Compute pension expense.

b$)$ Prepare the journal entry to record pension expense and the employer$$s contribution to the pension plan in $2025.$ Preparation of a pension worksheet is not required. Benefits paid in $2025$ were $$29,500.$

c$)$ Indicate the pension related amounts that would be reported in the company$$s income statement for $2025.$