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

Actual and expected return on plan assets		$ 16,300
Benefits paid to retirees		38,400
Contributions (funding)		94,400
Interest/discount rate		11	%
Prior service cost amortization		8,800
Projected benefit obligation, January 1, 2017		510,000
Service cost		63,300

a) Compute pension expense for the year 2017.

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