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

Actual and expected return on plan assets		$ 13,800
Benefits paid to retirees		37,800
Contributions (funding)		84,900
Interest/discount rate		9	%
Prior service cost amortization		7,900
Projected benefit obligation, January 1, 2017		500,000
Service cost		63,500

Compute pension expense for the year 2017.

Pension expense for 2017

$

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

Account Titles and Explanation Debit Credit