Pitchford Company adopted a defined benefit pension plan on January 1, 2016, at which time it awarded retroactive benefits to its employees. The following information is available in regard to this plan:

Prior service cost on 1/1/16 related to retroactive benefits:	$300,000	(not funded)
Planned amortization of prior service cost	$ 25,000	per year
Pension expense for 2016 ($95,000 funded)	$105,000	*
Fair value of plan assets, end of 2016	$ 95,000
Projected benefit obligation, end of 2016	$380,000

*Includes amortization of prior service cost

Required:

Prepare all the journal entries related to Pitchfords pension plan for 2016.

Prepare the entries to record the prior service cost on January 1, the pension expense for 2016 on December 31, and the amortized prior service cost for 2016 on December 31.