The following information is available for the pension plan of Ivanhoe Company for the year 2020. Actual and expected return on plan assets $ 15,300 Benefits paid to retirees 40,500 Contributions (funding) 92,900 Interest/discount rate 11% Prior service cost amortization 7,300 Projected benefit obligation, January 1, 2020 474,000 Service cost 58,500 Compute pension expense for the year 2020. Pension expense for 2020 $ Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit