USLM Inc. has a defined benefit pension plan. At the end of the year 20X4, the pension fund assets were $7.860,000 and the defined benefit obligation was $7.345,000. Invoking the asset ceiling caps the net defined benefit asset at $353,000 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.) View transaction list Journal entry worksheet 1 Record the adjusting entry for net defined benefit asset. Note: Enter debits before credits Transaction General Journal Debit Credit