Presented below is information related to Marley Inc pension data for 2011 Service cost $700,000 Amortization of unrecognized net gain 80,00 Amortization of unrecognized prior service cost 130,000 Actual return on plan assets 65,00 Projected benefit obligation at January 1, 2011 900,000 Plan assets at January 1, 2011 780,000 Contribution (funding) 400,000 Benefits paid to retirees 200,000 Settlement rate 9% Expected rate of return 7% Required: Calculate pension expense for 2011 Prepare the journal to record the pension expense