The following information is available for the pension plan of Radcliffe Company for the year 2014.

Actual and expected return on plan assets		$ 17,640
Benefits paid to retirees		39,460
Contributions (funding)		93,760
Interest/discount rate		12	%
Prior service cost amortization		8,960
Projected benefit obligation, January 1, 2014		555,700
Service cost		71,460

Compute pension expense for the year 2014. $___________

Prepare the journal entry to record pension expense and the employers contribution to the pension plan in 2014.

Pension Expense ?? dr

Pension Asset/Liability ?? dr

Cash ?? cr

(Other Account-Unknown) ?? cr