Presented below is information related to Mikell Department Stores, Inc. pension plan for 2019. Service cost Funding contribution for 2019 Settlement rate used in actuarial computation Expected and actual return on plan assets Amortization of Prior Service Costs Amortization of net gains Projected benefit obligation (at beginning of year) Market-related (and fair) value of plan assets (at beginning of year) 520,000 500,000 10% 9% 100,000 45,000 480,000 360,000 No benefits were paid during 2019. Required: (a) Compute the amount of pension expense to be reported for 2019. (6) Prepare the journal entry to record pension expense for 2019