Hanson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2014, the following balances related to this plan.

Plan assets (market-related value)		$525,800
Projected benefit obligation		706,200
Pension asset/liability		180,400	Cr.
Prior service cost		82,600
Net gain or loss (debit)		98,900

As a result of the operation of the plan during 2014, the actuary provided the following additional data at December 31, 2014.

Service cost for 2014		$108,770
Settlement rate, 9%; expected return rate, 10%
Actual return on plan assets in 2014		46,700
Amortization of prior service cost		32,900
Contributions in 2014		136,400
Benefits paid retirees in 2014		93,900
Average remaining service life of active employees		10	years

Using the preceding data, compute pension expense for Hanson Corp. for the year 2014 by preparing a pension worksheet that shows the journal entry for pension expense.

HANSON CORP. Pension Worksheet