Oriole Corporation is a private company with a defined benefit pension plan. The following information is available for OrioleCorporation for 2020:

Opening balance, DBO		$178,000
Opening balance, plan assets		170,000
Service cost		49,000
Employer contributions paid evenly through 2020		65,500
Applicable interest or discount rate		10	%
Actual return on plan assets		21,000
Actuarial loss due to change in actuarial assumptions		11,900

Assuming that Oriole follows ASPE, determine the 2020 effect of the pension plan on pension expense and the companys shareholders equity.

The pension plan results in total pension expense and a related Choose the answer from the menu in accordance to the question statement increasedecrease in the net income and shareholders equity by $Enter your answer in accordance to the question statement .

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