The following facts apply to the pension plan of Fogo Inc. for the year 2021. Plan assets as of 1/1/2021 $100 Projected benefit obligation as of 1/1/2021 $100 Settlement rate Annual service cost Annual funding contribution 6% $34 $25 Actual and expected return on plan $12 assets Benefits paid to retirees $18 (a) Using the preceding data, compute pension expense for the year 2020. Be sure to show your work. (b) Present journal entries to record the pension expense calculated in Part (a).