Hanson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances related to this plan:

Plan assets (market-related value) - $520,000

Projected benefit obligation - 700,000

Pension asset/liability - 180,000 CR

Prior service cost - 81,000

Net gain or loss (debit) - 91,000

As a result of the operation of the plan during 2020, the actuary provided the following additional data for 2020:

Service cost - $108,000

Settlement rate, 9%; expected return rate, 10%

Actual return on plan assets - 48,000

Amortization of prior service cost - 25,000

Contributions - 133,000

Benefits paid retirees - 85,000

Average remaining service life of active employees - 10 years

Using the preceding data, compute pension expense for Hanson Corp. for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense. Use the market-related asset value to compute the expected return and for corridor amoirtization. Complete in Excel.