8 of 10 < > View Policies Current Attempt in Progress The following information is available for the pension plan of Monty Company for the year 2020. Actual and expected return on plan assets $15,500 Benefits paid to retirees 38,300 Contributions (funding) 88,400 Interest/discount rate 9 % Prior service cost amortization Projected benefit obligation, January 1, 2020 8,500 550,000 Service cost 61,100 (a) Compute pension expense for the year 2020. Pension expense for 2020 $ eTextbook and Media List of Accounts Save for Later -18 ! Attempts: 0 of 1 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above