Crane Limited provides a defined contribution pension plan for its employees. The plan requires the company to deduct 5% of each employee's gross pay for each payroll period as the employee contribution. The company then contributes 7% of the gross pay for the employer contribution. Both amounts are remitted to the pension trustee within 10 days of the end of each month for the previous month's payrolls. At November 30, 2020, Crane reported $28,900 of combined withheld and matched contributions owing to the trustee. During December, Crane reported gross salaries and wages expense of $296,700. Prepare the entry to record the December payment to the plan trustee. Hint: Use the account Pension Contributions Payable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit December 10, 2020 List of Accounts What amount of pension expense will the company report for December 2020? $ Pension expense to be reported