E20-2B (L01,2,3) (Computation of Pension Expense) McCaw Company provides the following information about its defined-benefit pension plan for the year 2017. Service cost Contribution to the plan Prior service cost amortization 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 $ 210,000 263,000 35,000 123,000 220,000 1,440,000 1,800,000 325,000 9% Instructions Compute the pension expense for the year 2017