The following facts apply to the pension plan of Vaughn Inc. for the year 2020. Plan assets, January 1, 2020 $536,500 Projected benefit obligation, January 1, 2020 536,500 Settlement rate 8% Service cost 40,900 Contributions (funding) 23,200 Actual and expected return on plan assets 53,600 Benefits paid to retirees 36,500 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.) Items VAUGHN IN Pension Worksheet General Journal Entries Annual Pension Expense Cash