Teal Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances related to this plan. $470,000 Plan assets (market-related value) Projected benefit obligation 699,000 Pension asset/liability 229,000 Cr. Prior service cost 86,000 Net gain or loss (debit) 95,000 As a result of the operation of the plan during 2020, the actuary provided the following additional data for 2020. Service cost $117,000 Settlement rate, 9%; expected return rate, 10% Actual return on plan assets 44,000 Amortization of prior service cost 24,000 Contributions 144,000 Benefits paid retirees 92,000 Average remaining service life of active employees 10 years Using the preceding data, compute pension expense for Teal Corp. for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense. (Enter all amounts as positive.) TEAL CORP Pension Worksheet-2020 General Journal Entries Memo Record Penison Asset/ Annual Pension Expense OCI-Prior Service Cost OCI-Gain/ Loss Projected Benefit Obligation Plan Assets Items Cash Liability Balance, Jan. 1. 2020 $ $ $ $ $ Service cost Interest cost Actual return > Unexpected loss V Amortization of PSC Amortization of loss Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec 31, 2019 $ $ $ $ $ Balance, Dec 31, 2020 Use the market-related asset value to compute the expected return and for corridor amortization. Expected return $ Corridor amortization $