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

Opening balance, DBO ---------------------------------------$223,000

Opening balance, plan assets ------------------------------- 213,000

Service cost ---------------------------------------------------- 61,500

Employer contributions paid evenly through 2020------ 82,000

Applicable interest or discount rate -------------------------10%

Actual return on plan assets ---------------------------------26,500

Actuarial loss due to change in actuarial assumptions-- 14,900

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

The pension plan results in total pension expense and a related(increase or decrease?)in the net income and shareholders' equity by $___________________.