The following information pertains to VAAP Co.?s defined benefit pension plan for the year 2014. Projected benefit obligation at 1/1/2014 $700,000 Fair value of pension plan assets 1/1/2014 600,000 Unrecognized prior service costs at 1/1/2014 100,000 Service cost for 2014 80,000 Amortization of prior service costs 11,000 Actual return on plan assets in 2014 55,000 Expected return on plan assets in 2014 50,000 Contributions to the plan in 2014 90,000 5enefits paid in 2014 25,000 Unexpected loss from change in projected benefit obligation due to change in actuarial predictions in 2014 27,000 Settlement rate used 9% a. Show calculations to determine the pension expense for 2014. b. Show calculations to determine the ending balance of the projected benefit obligation at 12/31/2014