OrioleCorp. sponsors a defined-benefit pension plan for its employees. On January 1, 2021, the following balances related to this plan.

Plan assets (fair value)$600,000Projected benefit obligation650,000Pension asset/liability50,000Cr.Prior service cost80,000OCI - Loss70,000

As a result of the operation of the plan during 2021, the actuary provided the following additional data at December 31, 2021.

Service cost for 2021$75,000Actual return on plan assets in 202143,100Amortization of prior service cost19,000Contributions in 2021120,000Benefits paid retirees in 202185,000Settlement rate6%Expected return rate7%Average remaining service life of active employees 10 years

Compute pension expense forOrioleCorp. for the year 2021 by preparing a pension worksheet.