Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan.

Plan assets		$480,000
Projected benefit obligation		600,000
Pension asset/liability		120,000
Accumulated OCI (PSC)		100,000	Dr.

As a result of the operation of the plan during 2017, the following additional data are provided by the actuary.

Service cost		$90,000
Settlement rate, 9%
Actual return on plan assets		55,000
Amortization of prior service cost		19,000
Expected return on plan assets		52,000
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		76,000
Contributions		99,000
Benefits paid retirees		85,000

A. Using the data above, compute pension expense for Webb Corp. for the year 2017 by preparing a pension worksheet. B. Prepare the journal entry for pension expense for 2017.