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

Actual and expected return on plan assets $ 14,100

Benefits paid to retirees 41,400

Contributions (funding) 90,300

Interest/discount rate 10 %

Prior service cost amortization 8,000

Projected benefit obligation, January 1, 2020 523,000

Service cost 54,600

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(a)

Compute pension expense for the year 2020.

Pension expense for 2020

$enter pension expense for 2017 in dollars