Pension data for Sewell Corporation include the following for the current calendar year:

Discount rate, 8%
Expected return on plan assets, 10%
Actual return on plan assets, 12%
PBO, January 1	$620,000,000
Plan assets, January 1	630,000,000
Plan assets, December 31	670,000,000
Benefit payments to retirees, December 31	55,000,000

Required:

1. Assuming cash contributions were made at the end of the year, what was the amount of those contributions?
2. Prepare all pension-related journal entries