Sunland Ltd. provides a defined contribution pension plan for its employees. Currently, the company has 55 full-time and 75 part-time employees. The pension plan requires the company to make an annual contribution of $2,000 per fulltime employee, and $1,400 per parttime employee, regardless of their annual salary. In addition, employees can match the employers contribution in any given year. At the beginning of the year, 11 fulltime and 15 parttime employees elected to contribute to their pension plan by matching the companys contribution. An equal amount of funds was withheld from the employees cheques in order to fund their pension contribution. Both the employees and employers contributions are sent to the plan trustee at year end. What amount of annual pension expense will the company report? Pension expense to be reported $ Prepare a summary journal entry to record Sunland Ltd.s payment to the plan trustee. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit