Carla Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan.

Plan assets		$497,900
Projected benefit obligation		571,700
Pension asset/liability		73,800
Accumulated OCI (PSC)		101,400	Dr.

As a result of the operation of the plan during 2020, the following additional data are provided by the actuary.

Service cost		$87,700
Settlement rate, 9%
Actual return on plan assets		53,100
Amortization of prior service cost		18,300
Expected return on plan assets		50,200
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		74,400
Contributions		97,200
Benefits paid retirees		84,500

(a)

Using the data above, compute pension expense for Carla Corp. for the year 2020 by preparing a pension worksheet. (Enter all amounts as positive.)

B) Prepare the journal entry for pension expense for 2020