The following information is available for the pension plan of Blue Company for the year 2020. Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2020 Service cost Compute pension expense for the year 2020. Pension expense for 2020 $ $14,300 41,000 85,700 11 % 8,200 482,000 58,800