Pension Data for Sam Adams Inc

Pension data for Sam Adams Inc. include the following for the current calendar year:
Discount rate, 8%
Expected return on plan assets, 10%
Actual return on plan assets, 9%
Service cost $400,000
Required:
1) Determine pension expense for the year.
2) Prepare the journal entries to record pension expense and funding for the year.
$$\begin{array}{l}\text { January 1: }\\\begin{array} { l r } \text { PBO } & 3,000,000 \\\text { ABO } & 2,000,000 \\\text { Plan assets } & 3,200,000 \\\text { Amortization of prior service cost } & 30,000 \\\text { Amortization of net gain } & 7,000 \\\text { cember 31: } & \$ 275,000 \\\text { Cash contributions to pension fund } & 310,000\end{array}\end{array}$$