The following data are for the pension plan of Sassy Co. The balance of projected benefit obligation on 1/1/2010 was $550,000 and the fair value of the plan assets on 1/1/2010 was $530,000. There was no balance in the Accumulated OCI for prior service costs or Gains/Losses. Below is the information for 2010:

Service Cost $ 28,000

Contribution $25,000

Settlement rate is 10%

Benefits paid $15,000

Expected and Actual return on plan assets is $47,700

Journal Entry

Date	Pension Expense	Cash	OCI (PSC)	OCI (G/L)	Pension Asset/Liability	PBO	Plan Assets