Pension data for a company for the current year include the following: Interest rate, 10.0% Expected return on plan assets, 14.0% Actual return on plan assets, 11.0% Service cost, $23,000 January 1: PBO $ 207,000 Plan assets 230,000 Amortization of prior service cost 11,500 Amortization of net gain 3,910 December 31: PBO $ 184,270 Plan assets 258,300 Cash contributions to pension fund 50,800 Benefit payments to retirees 47,800 Required: Prepare the journal entries to record pension expense, funding, and the payout of retiree benefits during the year. (Enter values in whole dollars.)