The following information is available for the pension plan of Marigold Company for the year 2020. $14,300 Actual and expected return on plan assets 41,000 Benefits paid to retirees Contributions (funding) Interest/discount rate 85,700 11% Prior service cost amortization Projected benefit obligation, January 1, 2020 8,200 482,000 58,800 Service cost X Your answer is incorrect. Compute pension expense for the year 2020. 105420 $ Pension expense for 20200 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 Debit Credit Pension Expense Cash Pension Asset/Liability Other Comprehensive Income (PSC) eTextbook and Media List of Accounts