Kernal Industries Ltd has a defined benefit superannuation plan where the present value of the accrued benefits on 1 January 2020 was $1 700 000 and on 31 December 2020 was $1 820 000. During 2020 Kernal Industries Ltd paid $160 000 to the plan. On 1 January 2020 the net market value of the plans assets was $730 000 and on 31 December 2020 it was $936 000.

Required: Using the net-worth method, determine the superannuation expense for the year ended 31 December 2020 to be shown in the Kernal Industries Ltd accounts.