The following information is available for the pension plan of Monty 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

$enter pension expense for 2017 in dollars

Prepare the journal entry to record pension expense and the employers 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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount