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

Plan assets		$483,600
Projected benefit obligation		574,300
Pension asset/liability		90,700
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		$93,300
Settlement rate, 9%
Actual return on plan assets		56,300
Amortization of prior service cost		18,200
Expected return on plan assets		53,200
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		76,200
Contributions		96,100
Benefits paid retirees		84,300

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

CULVER CORP. Pension Worksheet

General Journal Entries

Memo Record

Items

Annual Pension Expense

Cash

OCIPrior Service Cost

OCI Gain/ Loss

Pension Asset/ Liability

Projected Benefit Obligation

Plan Assets

Prepare the journal entry for pension expense for 2020. (Credit account titles ar