S&M Company provides the following information about its defined benefit pension plan for the year 2021. Service cost R20 000; Contribution to the plan R105 000; prior service cost amortization R10 000; Actual and expected return on plant assets R64 000; Benefit paid RR40 000; Plan assets at Jan 1, 2021 R640 000; projected benefit obligation at Jan 1, 2021 R700 000; Accumulated OCI at January 1, 2021 R150 000; interest rate 10%.

Compute the pension expense for the year 2021