E20-2 (L01,2,3) (Computation of Pension Expense) Veldre Company provides the following information about its defined benefit pension plan for the year 2017 90,000 Service cost Contribution to the plan 105,000 Prior service cost amortization 10,000 Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Interest/discount (settlement) rate 64,000 40,000 640,000 700,000 150,000 10% Instructions Compute the pension expense for the year 2017