Please explain how you got the following answers?? For 2014 - Pension Asset/Liability figure of $39,000? - and- OCI (G/L) figure of $23,000? This is for the question that asks to prepare Journal Entries to record the pension expense and the company's funding of the pension plan for both years (December 31, 2014 & December 31, 2015)?

Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2014 and 2015.

2014 2015 Plan Assets (fair value), December 31 $699,000 $849,000 Projected benefit obligation, January 1 700,000 800,000 Pension asset/liability, January 1 140,000CR ? Prior service cost, January 1 250,000 240,000 Service cost 60,000 90,000 Actual and expected return on plan assets 24,000 30,000 Amortization of prior service cost 10,000 12,000 Contributions (funding) 115,000 120,000 Accumulated benefit obligation, December 31 500,000 550,000 Interest/settlement rate 9% 9% 1. Compute Pension Expense for 2014 and 2015. Pension Expense for 2014: $ ____________ Pension Expense for 2015: $_____________

2. Prepare the journal entries to record the pension expense and the companys funding of the pension plan for both years (December 31, 2014 & December 31,2015).

a). Computation of Pension Expense
	2014	2015
Service Cost	60000	90000
Interest Cost (700000 * 9% and 800000 * 9%)	63000	72000
Expected Return on Plan Assets	-24000	-30000
Amortization of Prior Service Cost	10000	12000
Pension Expense	109000	144000
b). Journal Entries
2014
Pension Expense	109000
Pension Asset/Liability	39000
Cash		115000
Other Comprehensive Income (PSC)		10000
Other Comprehensive Income (G/L)		23000
2015
Pension Expense	144000
Other Comprehensive Income (PSC)		12000
Cash		120000
Pension Asset/Liability		12000