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

Actual and expected return on plan assets		$ 14,900
Benefits paid to retirees		42,000
Contributions (funding)		83,300
Interest/discount rate		9	%
Prior service cost amortization		7,700
Projected benefit obligation, January 1, 2020		511,000
Service cost		55,100

Compute pension expense for the year 2020.

Pension expense for 2020

Prepare the journal entry to record pension expense and the employers contribution to the pension plan in 2020.