Pitchford Company adopted a defined benefit pension plan on January 1, 2019, at which time it awarded retroactive benefits to its employees. The following information is available in regard to this plan:
Prior service cost on 1/1/19 related to retroactive benefits: ......$300,000 (not funded)
Planned amortization of prior service cost ....................................$ 25,000 per year
Pension expense for 2019 ($95,000 funded) ................................$105,000*
Fair value of plan assets, end of 2019 $ ............................................95,000
Projected benefit obligation, end of 2019 ....................................$380,000
*Includes amortization of prior service cost

Required:
Prepare all the journal entries related to Pitchford’s pension plan for 2019. Include a brief explanation for each journal entry.