USLM Inc. has a defined benefit pension plan. At the end of the year 20X4, the pension fund assets were $7,750,000 and the defined benefit obligation was $7,290,000. Invoking the asset ceiling caps the net defined benefit asset at $331,000. Required: Prepare the journal entry to correctly recognize the net defined benefit asset. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)