Save & Exit Pension data for the Ben Franklin Company include the following for the current calendar year. Discount rate, 10% Expected return on plan assets, 12% Actual return on plan assets, 11% Service cost, $170,000 January 11 PBO ABO Plan assets Amortization of prior service cost Amortization of net gain December 31 Cash contributions to pension fund Benefit payments to retirees $1,370,000 970,000 1,470,000 17,000 3,700 $ 217,000 237,000 Required: 1. Determine pension expense for the year. 2. Prepare the journal entries to record pension expense and funding for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record pension expense and funding for the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet 9.2010 W