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

Actual and expected return on plan assets		$ 15,100
Benefits paid to retirees		41,500
Contributions (funding)		83,900
Interest/discount rate		10	%
Prior service cost amortization		8,700
Projected benefit obligation, January 1, 2020		485,000
Service cost		57,700

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.)