Smith Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2010 and 2011. ________________________________________2010___________2011 Plant assets (fair value), Dec. 31 ___________$699,000________$849,000 Projected benefit obligation, Jan. 1__________700,000 ________800,000 Pension asset/Liability, Jan. 1______________140,000 Cr._________? Prior service cost, Jan. 1__________________250,000_________240,000 Service cost_____________________________60,000__________90,000 Actual & expected return on plant assets_____24,000__________30,000 Amortization of prior service cost___________10,000__________12,000 Contributions (funding)___________________115,000_________120,000 Accumulated benefit obligation, Dec. 31______500,000_________550,000 Interest/Settlement rate_____________________9%_____________9% INSTRUCTIONS: Prepare the journal entry to record the pension expense and the company's funding of the pension plan for THE YEAR 2011. There is 1 account to be debited and 3 accounts to be credited