PROBLE Presented below is information related to Marley Inc. Service cost Amortization of unrecognized net loss Amortization of unrecognized prior service cost Actual return on plan assets Projected benefit obligation at January 1,2011 $600,000 90,000 65,000 800,000 750,000 165,000 Plan assets at January 1,2011 Contribution (funding) Benefits paid to retirees Settlement rate 300,000 200,000 9% 7% Expected rate of return REQUIRED 1) Calculate pension expense for 2011 2) Prepare the journal to record the pension expense