plan in 2020 E20.2 (LO 1, 2, 3) (Computation of Pension Expense) Veldre Company provides the following information about its defined benefit pension plan for the year 2020. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Projected benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate $ 90,000 105,000 10,000 64.000 40,000 640,000 700,000 150,000 10% Instructions Compute the pension expense for the year 2020