Gordon Company sponsors a defined benefit pension plan. The following informatio

Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2010 and 2011.2010 2011Plan assets (fair value) December 31 $699000 $849000Projected benefit obligation January 1 700000 800000Pension asset/liability January 1 140000Cr ?Prior service cost January 1 250000 240000Service cost 60000 90000Actual and expected return on plan assets 24000 30000Amortization of prior service cost 10000 12000Contributions (funding) 115000 120000Accumulated benefit obligation December 31 500000 550000Interest/settlement rate 9% 9%a) Compute pension expense for 2010 and 2011.B) Prepare the journal entries to record the pension expense and the companys funding of the pension plan for both years.