On December 31, 2007 the Robey Company accumulated the following information for 2007 in regard to its defined benefit pension plan:

Service cost ................$105,000

Interest cost on projected benefit obligation .....12,000

Expected return on plan assets ...........11,000

Amortization of unrecognized prior service cost ...3,000

Amortization of unrecognized net gain ......1,000

On its December 31, 2006 balance sheet, the company had reported a prepaid/accrued pension cost liability of $14,000.

Required

1. Compute the amount of Robey Company’s pension expense for 2007.

2. Prepare the journal entry to record Robey’s 2007 pension expense if it funds the pension plan in the amount of: (a) $108,000, (b) $100,000, and (c) $112,000.