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The following information is available for the pension plan of Blossom Company for the year 2020. Actual and expected return on plan assets $ 13,800

The following information is available for the pension plan of Blossom Company for the year 2020.

Actual and expected return on plan assets $ 13,800
Benefits paid to retirees 36,600
Contributions (funding) 88,000
Interest/discount rate 11 %
Prior service cost amortization 7,900
Projected benefit obligation, January 1, 2020 502,000
Service cost 59,000

(a)

Compute pension expense for the year 2020.

Pension expense for 2020

$enter pension expense for 2017 in dollars

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