Veldre Company provides the following information about its defined benefit pension plan for the year 2014.

Service cost		$90,600
Contribution to the plan		112,500
Prior service cost amortization		11,700
Actual and expected return on plan assets		70,100
Benefits paid		43,900
Plan assets at January 1, 2014		647,000
Projected benefit obligation at January 1, 2014		701,300
Accumulated OCI (PSC) at January 1, 2014		155,000
Interest/discount (settlement) rate		10	%

1. Prepare a pension worksheet inserting January 1, 2014, balances, showing December 31, 2014.

2. Prepare the journal entry recording pension expense.