Vaughn Company provides the following information about its defined benefit pension plan for the year 2017.

Service cost		$88,500
Contribution to the plan		107,100
Prior service cost amortization		10,600
Actual and expected return on plan assets		63,100
Benefits paid		40,800
Plan assets at January 1, 2017		648,000
Projected benefit obligation at January 1, 2017		688,100
Accumulated OCI (PSC) at January 1, 2017		148,600
Interest/discount (settlement) rate		11	%

Prepare a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017

Prepare the journal entry recording pension expense