Cullumber Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan.

Plan assets (market-related value)		$269,500
Projected benefit obligation		341,900
Pension asset/liability		72,400	Cr.
Prior service cost		90,400
OCILoss		38,500

As a result of the operation of the plan during 2021, the actuary provided the following additional data for 2021.

Service cost		$45,000
Actual return on plan assets		27,500
Amortization of prior service cost		11,700
Contributions		64,700
Benefits paid retirees		40,600
Settlement rate		7	%
Expected return on plan assets		8	%
Average remaining service life of active employees		10 years

(a)

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Compute pension expense for Cullumber Corp. for the year 2021 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.)