The following facts apply to the pension plan of Bonita plc for the year 2022.

Plan assets, January 1, 2022		499,800
Defined benefit obligation, January 1, 2022		499,800
Discount (interest) rate		8	%
Service cost		38,000
Contributions (funding)		25,500
Actual return on plan assets		39,984
Benefits paid to retirees		31,300

Using the preceding data, compute pension expense for the year 2022. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2022 and the year-end balances in the related pension accounts. (Enter all amounts as positive.)