Part II Howard Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2013, the following balances related to this plan. Plan assets (fair value) Projected benefit obligation Pension asset/liability Prior service cost OCI-Loss 600,000 100,000 Cr 75,000 65,000 As a result of the operation of the plan during 2013, the actuary provided the following additional data at December 31, 2013. Service cost for 2013 Actual return on plan assets in 2013 Amortization of prior service cost Contributions in 2013 Benefits paid retirees in 2013 Settlement rate Expected return rate Average remaining service life of active employees 10 years $75,000 45,000 15,000 115,000 80,000 7% 8% (a) Compute pension expense for Howard Corp. for the year 2013 (show your works). (b) Prepare the jounal entry related to pension expense for the year 2013 se for the year 2013