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

Plan assets (market-related value)		$470,000
Projected benefit obligation		699,000
Pension asset/liability		229,000	Cr.
Prior service cost		86,000
Net gain or loss (debit)		95,000

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

Service cost		$117,000
Settlement rate, 9%; expected return rate, 10%
Actual return on plan assets		44,000
Amortization of prior service cost		24,000
Contributions		144,000
Benefits paid retirees		92,000
Average remaining service life of active employees		10	years

Using the preceding data, compute pension expense for Martinez Corp. for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense. Use the market-related asset value to compute the expected return and for corridor amortization.