The following information is available for the pension plan of Sunland Company for the year 2025. Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2025 Service cost (a) Compute pension expense for the year 2025. (b) Pension expense for 2025 eTextbook and Media List of Accounts Save for Later $15,300 41,500 88,100 10% 7,700 496,000 54,500 Attempts: unlimited Submit Answer Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2025. (Credit

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.