Skysong Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan.

Plan assets		$497,900
Projected benefit obligation		571,700
Pension asset/liability		73,800
Accumulated OCI (PSC)		101,400	Dr.

As a result of the operation of the plan during 2020, the following additional data are provided by the actuary.

Service cost		$87,700
Settlement rate, 9%
Actual return on plan assets		53,100
Amortization of prior service cost		18,300
Expected return on plan assets		50,200
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		74,400
Contributions		97,200
Benefits paid retirees		84,500

(a)

Using the data above, compute pension expense for Skysong Corp. for the year 2020 by preparing a pension worksheet

NOVAK CORP. Pension Worksheet-2017 General Journal Entries Memo Record Annual Pension Expense OCI-Prior Service Cost Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Cash Balance, Dec. 31, 2016 Prior service cost Balance, Jan. 1, 2017 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2017 Accumulated OCI, Dec. 31, 2016 Balance, Dec. 31, 2017