The following facts apply to the pension plan of Cullumber Inc. for the year $2025.$

Plan assets, January $1,2025,$$$501,700$

Projected benefit obligation, January $1,2025501,700$

Settlement rate

$8\%$

Service cost

$43,600$

Contributions $($funding$)$

$25,400$

Actual and expected return on plan assets $,52,100$

Benefits paid to retirees

$33,600$

Using this data, compute pension expense for the year $2025.$ As part of your solution, prepare a pension worksheet that shov journal entry for pension expense for $2025$ and the year$-$end balances in the related pension accounts. $($Enter all amounts as $p$