Exercise 20-1 The following information is available for the pension plan of Waterway Company for the year 2017. Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2017 Service cost $15,400 38,500 90,500 9% 8,200 507,000 63,500 Compute pension expense for the year 2017 Pension expense for 2017