The following information relates to the pension plan for employees of Rye Co.: 12/31/17 12/31/18 Projected benefit obligation 2,490,000 3,335,000 Fair value of plan assets 2,600,000 2,870,000 Ryes contribution was $335,000 in 2018 and benefits paid were $215,000. Compute the actual return on plan assets in 2018. Show computation.

Prepare Journal entries for

a) Ryes contribution and

b) benefits paid to retirees.