The following information is available for the pension plan of Riverbed company for the year 2017

Actual and expected return on plan assets..........$13,800

Benefits paid to retirees..........$36,000

Contributions (funding)..........$88,000

Interest/discount rate..........11%

Prior service cost amortization..........$7,900

Projected benefit obligation, January 1, 2017..........$502,000

Service cost..........$59,000

A. Compute pension expense for the year 2017 (show work): $__________

B. Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2017 (using table above)

Pension expense..........__________

Cash..........__________

Pension asset/liab..........__________

OCI (PSC)..........___________