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The following information is available for the pension plan of Bonita Company for the year 2017. Actual and expected return on plan assets $ 15,900

The following information is available for the pension plan of Bonita Company for the year 2017.

Actual and expected return on plan assets $ 15,900
Benefits paid to retirees 42,200
Contributions (funding) 76,600
Interest/discount rate 9 %
Prior service cost amortization 8,800
Projected benefit obligation, January 1, 2017 485,000
Service cost 54,900

Compute pension expense for the year 2017.

Prepare the journal entry to record pension expense and the employers contribution to the pension plan in 2017

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