The following information is available for the pension plan of Riverbed Company for the year 2020. Actual and expected return on plan assets $14,300 Benefits paid to retirees 41,000 Contributions (funding) 85,700 Interest/discount rate 11 % Prior service cost amortization 8.200 Projected benefit obligation, January 1, 2020 482,000 Service cost 58,800 X Your answer is incorrect. Compute pension expense for the year 2020. Pension expense for 20201 $ 534700 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 Pension Expense Debit 534700 Credit Cash Pension Asset/Liability Other Comprehensive Income (G/L) 85700 440800 8200