E$19\mathrm{.}1$B $($LO $1,2)$ Pension Expense, Journal Entries$)$ The following information is available for the pension plan of Talkspace Corporation for the year $2025.$

Actual and expected return on plan assets $ $65,000$

Benefits paid to retirees $ $163,000$

Contributions$($funding$)$ $ $230,000$

Interest$/$discount rate $8\%$

Prior service cost amortization $$40,000$

Projected benefit obligation, January $1,2025$ $$2,600,000$

Service cost $$250,000$

Instructions

a$)$ Compute pension expense for the year $2025$

b$)$ Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in $2025.$

As part of your solution, prepare a pension worksheet that show the journal entry for pension expense.