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

Plan assets		$460,000
Projected benefit obligation		606,500
Pension asset/liability		146,500
Accumulated OCI (PSC)		104,200	Dr.

As a result of the operation of the plan during 2020, the following additional data are provided by the actuary.

Service cost		$93,500
Settlement rate, 10%
Actual return on plan assets		54,600
Amortization of prior service cost		18,100
Expected return on plan assets		51,600
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		76,600
Contributions		100,500
Benefits paid retirees		84,300

Using the data above, compute pension expense for Headland Corp. for the year 2020 by preparing a pension worksheet.

Prepare the journal entry for pension expense for 2020.