Exercise 20-1

The following information is available for the pension plan of Nash Company for the year 2017.

Actual and expected return on plan assets		$ 13,600
Benefits paid to retirees		43,400
Contributions (funding)		92,100
Interest/discount rate		10	%
Prior service cost amortization		7,600
Projected benefit obligation, January 1, 2017		481,000
Service cost		63,300

Compute pension expense for the year 2017.