Pension data for sam adams inc. include the following for the current calendar year: discount rate, 10% expected return on plan assets, 12% actual return on plan assets, 11% service cost, $340,000 january 1: pbo $ 2,940,000 abo 1,940,000 plan assets 3,140,000 amortization of prior service cost 24,000 amortization of net gain 6,400 december 31: cash contributions to pension fund $ 269,000 benefit payments to retirees 304,000 required: 1. determine pension expense for the year. 2. prepare the journal entries to record pen