Presented below.is information related to Jones Department Stores, Inc. pension plan for 2021. Accumulated benefit obligation (at year-end) $600.000 Service cost 590.000 Funding contribution for 2021 510,000 Settlement rate used in actuarial computation 10% Expected return on plan assets 9% Amortization of PSC (due to benefit increase) 100,000 Amortization of net gains 48,000 Projected benefit obligation (at beginning of period) 470,000 Fair value of plan assets (at beginning of period) 360,000 Instructions (a) Compute the amount of pension expense to be reported for 2021. (Show computations.) (b) Prepare the journal entry to record pension expense and the employer's contribution for 2021