Instructions Compute the basic and diluted earnings per share numbers for 2021. Q22. Kessler, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2021: January 1, 2021 December 31, 2021 Projected benefit obligation $2,500,000 $2,850,000 Fair value of plan assets 1,250,000 1,600,000 Accumulated benefit obligation 1,930,000 2,620,000 Accumulated OCI - (PSC) 540,000 300,000 The service cost component for 2021 is $180,000 and the amortization of prior service cost is $240,000. The company's actual funding of the plan in 2021 amounted to $525,000. The expected return on plan assets and the settlement rate were both 8%. Instructions (a) Determine the pension expense to be reported in 2021. (b) Prepare the journal entry to record pension expense and the employers' contribution to the pension plan in 2021