The following information is available for the pension plan of Sandhill Company for the year 2020. Actual and expected return on plan assets $14,200 Benefits paid to retirees 39,300 Contributions (funding) 92,900 Interest/discount rate 10 % Prior service cost amortization 7,500 Projected benefit obligation, January 1, 2020 508,000 Service cost 56,900 (a) * Your answer is incorrect. Compute pension expense for the year 2020. Pension expense for 2020 $ 129400