Answer it with solutions in good accounting form please

Problem 1: The following selected post-retirement benefit accounts were lifted from the 2021 unadjusted trial balance of EMM Corp. No adjusting entry had been made yet at year end in relation to the post- retirement benefits related accounts. Prepaid Pension Expense, January 1, 2021 493,900 Pension expense for 2021, amount contributed to the plan 500,000 Additional information: The memorandum account balances and other off-books transactions are as follows: Plan asset at fair market value, January 1, 2021 3,245,400 Accumulated benefit obligation at present value, January 1, 2021 2,751,500 Payments to retirees at scheduled retirement in 2021 P350,000 Payments to early retirees (settlement price) in 2021 P300,000 Carrying value of accrued benefits of early retirees in 2021 P 220,000 Current service cost P 535,000 Past service cost recognized in the current year P 275,000 Settlement rate Plan asset at fair market value, December 31, 2021 3.569,900 Accumulated benefit obligation at present value, December 31, 2021 3,852,100 There had been no remeasurement (actuarial) gain or loss from plan asset and accumulated retirement obligation in the prior years. Required: 1. What is the total pension expense in 2021? 2. How much from the pension expense is recognized in the 2021 profit or loss? 12% Problem 1: The following selected post-retirement benefit accounts were lifted from the 2021 unadjusted trial balance of EMM Corp. No adjusting entry had been made yet at year end in relation to the post- retirement benefits related accounts. Prepaid Pension Expense, January 1, 2021 493,900 Pension expense for 2021, amount contributed to the plan 500,000 Additional information: The memorandum account balances and other off-books transactions are as follows: Plan asset at fair market value, January 1, 2021 3,245,400 Accumulated benefit obligation at present value, January 1, 2021 2,751,500 Payments to retirees at scheduled retirement in 2021 P350,000 Payments to early retirees (settlement price) in 2021 P300,000 Carrying value of accrued benefits of early retirees in 2021 P 220,000 Current service cost P 535,000 Past service cost recognized in the current year P 275,000 Settlement rate Plan asset at fair market value, December 31, 2021 3.569,900 Accumulated benefit obligation at present value, December 31, 2021 3,852,100 There had been no remeasurement (actuarial) gain or loss from plan asset and accumulated retirement obligation in the prior years. Required: 1. What is the total pension expense in 2021? 2. How much from the pension expense is recognized in the 2021 profit or loss? 12%