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

Plan assets		$459,900
Projected benefit obligation		596,100
Pension asset/liability		136,200
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		$93,400
Settlement rate, 10%
Actual return on plan assets		53,900
Amortization of prior service cost		19,900
Expected return on plan assets		50,800
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		78,700
Contributions		94,800
Benefits paid retirees		86,000

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

MONTY CORP. Pension Worksheet General Journal Entries OCI-Prior OCI - Gain Service Cost Loss Annual Pension Expense Items Cash Balance, Jan. 1, 2020 Service cost Interest cost Actual return Unexpected gain Amortization of PSC Liability increase Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec. 31, 2019 Balance, December 31, 2020 Memo Record Plan CI-Gain/ Loss Pension Asset/ Liability Projected Benefit Obligation Assets $ Prepare the journal entry for pension expense for 2020. (Credit account titles are automatically indented when amo is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit