The following facts apply to the pension plan of Carla Inc. for the year 2020.

Plan assets, January 1, 2020		$462,400
Projected benefit obligation, January 1, 2020		462,400
Settlement rate		8	%
Service cost		43,800
Contributions (funding)		26,300
Actual and expected return on plan assets		49,200
Benefits paid to retirees		30,700

Using the preceding data, compute pension expense for the year 2020. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2020 and the year-end balances in the related pension accounts. (Enter all amounts as positive.)

CARLA INC. Pension Worksheet-2020 General Journal Entries Memo Record Annual Pension Expense Pension Asset/ Liability Projected Benefit Obligation Plan Assets Items Cash Balance, January 1, 2020 Service cost Interest cost Actual return Contributions Benefits Journal entry, December 31 $ Balance, December 31, 2020