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

Plan assets		$463,600
Projected benefit obligation		588,800
Pension asset/liability		125,200
Accumulated OCI (PSC)		96,700	Dr.

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

Service cost		$92,600
Settlement rate, 9%
Actual return on plan assets		57,600
Amortization of prior service cost		19,900
Expected return on plan assets		54,500
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		78,600
Contributions		96,900
Benefits paid retirees		84,300

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

Prepare the journal entry for pension expense for 2020.