The following defined pension data of Ivanhoe Corp. apply to the year 2020.

Projected benefit obligation, 1/1/20 (before amendment)		$532,000
Plan assets, 1/1/20		517,400
Pension liability		14,600
On January 1, 2020, Ivanhoe Corp., through plan amendment, grants prior service benefits having a present value of		113,000
Settlement rate		9	%
Service cost		53,700
Contributions (funding)		60,500
Actual (expected) return on plan assets		49,400
Benefits paid to retirees		38,200
Prior service cost amortization for 2020		15,700

For 2020, prepare a pension worksheet for Ivanhoe Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. After entering the correct amount choose if it is a debit or a credit. (Enter all amounts as positive.)