Problem 9 On January 15, 2018 United Company provides the following information related to its pension plan for the year ending December, 31, 2018 200,000 Plan assets, 1/1/2018 Annual service cost ... 60,000 Settlement rate .............. 10% 200,000 40,000 Projected benefit obligation, 1/1/2018 ......... Funding contributions during 2018 .. Benefits paid to retirees during 2018 ... Plan assets, 12/31/2018 30,000 250,000 Prepare a journal entry on 12/31/2018 to record pension expense for 2018