The following information is available for the pension plan of Cullumber 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 $ 15,400 38,500 90,500 9 % 8,200 507,000 63,500 Compute pension expense for the year 2020. Pension expense for 2020 $ Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2020