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The following facts apply to the pension plan of Cullumber Inc. for the year $2025.$

Plan assets, January $1,2025,$$$524,400$

Projected benefit obligation, January $1,2025524,400$

Settlement rate $8\%$

Service cost $,42,000$

Contributions $($funding$)25,000$

Actual and expected return on plan assets $,45,400$

Benefits paid to retirees $,32,900$

Using this data, compute pension expense for the year $2025.$ As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for $2025$ and the year$-$end balances in the related pension accounts. $($Enter all amounts as positive.$)$

Attempts: $0$ of $7$ used