The following defined pension data of Yang Ltd. apply to the year 2022 (amounts in thousands).

Defined benefit obligation, 1/1/22 (before amendment) .................. ¥560,000
Plan assets, 1/1/22 ................................................................................... 546,200
Pension liability .......................................................................................... 13,800
On January 1, 2022, Yang Ltd., through plan amendment,
grants past service benefits having a present value of ....................... 120,000
Discount (interest) rate .................................................................................. 9%
Service cost ................................................................................................. 58,000
Contributions (funding) ............................................................................. 65,000
Actual return on plan assets ..................................................................... 49,158
Benefits paid to retirees ............................................................................ 40,000

Instructions

For 2022, prepare a pension worksheet for Yang Ltd. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.