Zio Ltd. established a defined contribution pension plan at the beginning of 209. The company will contribute 3% of each employee's salary annually. Total salaries in 209 were expected to be $7.8 million. Accordingly, Zio paid $234,000 into the fund. After the yearend, it was determined that actual salaries were $6.4 million. Interest rates are in the range of 6%. (PV of \$1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. This part of the question is not part of your Connect assignment. 2. Assume instead that Zio has agreed to pay $288,000 into the fund at the end of 209. During 209, an employee left the company, forfeiting $34,000 of unvested pension benefits earmarked in the pension fund. Calculate the payment to the fund and the pension expense. (Enter answers in whole dollar, not in million.)