Thornton Theme Park has a defined benefit pension plan that covers all its full-time employees, The following data are available for the pension plan at the end of 2019: Benefits paid to retirees in 2019 128,000 Actual negative return (loss) on plan assets for 2019 10,240 Fair value of plan assets, Dec. 31, 2018 1,432,000 Contributions to the pension fund at year-end 2019 41,000 Past service cost from changes made in 2019 to the plan that increased pension 98,800 benefits for service years prior to 2019. Actuarial revaluation: made at the end of 2019 that reduced pension liability 139,200 because of a revision downward of retiree mortality rates. Long-term interest rate on high-quality, corporate bonds 4% Defined benefit obligation, Dec 31, 2018 $1,544,000 Current service cost for 2019 176,800 1. Prepare all journal entries with respect to Thornton's pension plan for 2019 2 2. Calculate the defined benefit obligation and fair value of plan assets at the end of 2019. Defined benefit obligation: Plant assets