Sotherlin Inc. has a defined contribution plan. It has agreed to pay $380,000 now at the end of 20X4 and another payment of $220,000 at the end of 20X6 for employees' services for 20X4. The current interest rate is 4%. (PV of $1. PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: Prepare the journal entry for the pension expense for 20X4. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to nearest whole dollar.) View transaction list Journal entry worksheet