The following information is available for the pension plan of Blossom Company for the year $2025.$

Actual and expected return on plan assets $,$$$15,000$

Benefits paid to retirees $,39,300$

Contributions $($funding$),84,400$

Interest$/$discount rate $10\%$

Prior service cost amortization $8,100$

Projected benefit obligation, January $1,2025,490,000$

Service cost

$56,600$

$($a$)$

Compute pension expense for the year $2025.$

Pension expense for $2025$ $

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List of Accounts

Attempts: unlimited

$($b$)$

Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in $2025.$

$($Credit account titles are automatically indented when amount is entered. Do not indent

manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation