Sarasota Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2020 and 2021. 2020 2021 Plan assets (fair value), December 31 $768,900 $933,900 Projected benefit obligation, January 1 770,000 880,000 Pension asset/liability, January 1 154,000 Cr. ? Prior service cost, January 1 275,000 264,000 Service cost 66,000 99,000 Actual and expected return on plan assets 26,400 33,000 Amortization of prior service cost 11,000 13,200 Contributions (funding) 126,500 132,000 Accumulated benefit obligation, December 31 550,000 605,000 Interest/settlement rate 9 % 9 % Collapse question part (a) Compute pension expense for 2020 and 2021. Pension expense for 2020 $ Pension expense for 2021 $

Sarasota Company sponsors a defined benefit pension plan. The following inf 2021 $933,900 880,000 2020 $768,900 770,000 154,000 Cr. 275,000 66,000 26,400 Plan assets (fair value), December 31 Projected benefit obligation, January 1 Pension asset/liability, January 1 Prior service cost, January 1 Service cost Actual and expected return on plan assets Amortization of prior service cost Contributions (funding) Accumulated benefit obligation, December 31 Interest/settlement rate 264,000 99,000 33,000 11,000 126,500 13,200 132,000 550,000 605,000 9 % 9 % (a) Compute pension expense for 2020 and 2021. Pension expense for 2020 & Pension expense for 2021 g