Orchard Productions has a noncontributory, defined benefit pension plan. On December 31, 2023 (the end of Orchard's fiscal year), the following pension-related data were available:
Projected Benefit Obligation	($ in millions)
Balance, January 1, 2023	$240
Service cost	41
Interest cost, discount rate, 5%	12
Gain due to changes in actuarial assumptions in 2023	-5
Pension benefits paid	-20
Balance, December 31, 2023	$268
Plan Assets
Balance, January 1, 2023	$250
Actual return on plan assets	20
(Expected return on plan assets, $22.5)		22.5
Cash contributions	35
Pension benefits paid	-20
Balance, December 31, 2023	$285
January 1, 2023, balances:
Prior service cost (amortization $4 per year)	$24
Net gain from previous years	40
(any amortization over 15 years)
Required:
1. Determine pension expense for 2023. Show your computations.