The following information relates to the defined benefit pension plan of Murry Corp. for the year ended December 31, 2019:
Prior service cost for a plan amendment during the year ..............................    $ 800,000
Projected benefit obligation - beginning balance ............................................        945,000
Fair value of plan assets at the beginning of the year                                      
  (equal to the market related asset value) .......................................................    1,000,500  
Service cost ...........................................................................................................       400,000    
Interest on projected benefit obligation at 5.4155% .......................................            Solve
Amortization of prior service cost ......................................................................         80,000
Expected and actual return on plan assets ......................................................          82,500
Contributions into the plan .................................................................................       300,000
Beginning funded status ($1,000,500 - $945,000) ............................................        55,500*

There were no benefit payments for the year.

Required: 

(Round all computations to the nearest dollar)

a. Compute the total pension expense.

b. Prepare the journal entry to record pension expense for the year.

c. Determine the ending balances of the projected benefit obligation, plan assets, the pension asset or liability reported on the balance sheet. and accumulated other comprehensive income related to the pension plan.