Larkspur Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan.

Plan assets (market-related value)		$274,800
Projected benefit obligation		337,500
Pension asset/liability		62,700	Cr.
Prior service cost		91,800
OCILoss		39,000

As a result of the operation of the plan during 2021, the actuary provided the following additional data for 2021.

Service cost		$45,700
Actual return on plan assets		26,500
Amortization of prior service cost		12,200
Contributions		65,900
Benefits paid retirees		41,000
Settlement rate		7	%
Expected return on plan assets		8	%
Average remaining service life of active employees		10 years

Compute pension expense for Larkspur Corp. for the year 2021 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.)