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

Plan assets		$489,900
Projected benefit obligation		616,700
Pension asset/liability		126,800
Accumulated OCI (PSC)		95,600	Dr.

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

Service cost		$86,900
Settlement rate, 9%
Actual return on plan assets		57,100
Amortization of prior service cost		19,500
Expected return on plan assets		54,000
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions		77,700
Contributions		103,700
Benefits paid retirees		88,900

Using the data above, compute pension expense for Teal Corp. for the year 2020 by preparing a pension worksheet. (Enter all amounts as positive.)

Prepare the journal entry for pension expense for 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)