The following information is related to the defined benefit pension plan of Dreamworld Company for the year ended 12/31/2020: Service cost Contributions to pension plan $ 60,000 110,000 Benefits paid to retirees 150,000 Plan assets (fair value), January 1 640,000 Plan assets (fair value), December 31 750,000 Actual return on plan assets 150,000 PBO, January 1 900,000 PBO, December 31 960,000 Discount rate 10% Long-term expected return on plan assets 9% Prior Service Cost 1/1 $700,000 Average remaining years of service 10 years Assuming no other relevant data exist. Required: A. Calculate the company's pension expense for 2020. B. Make journal entry (entries) related to the plan at 12/31/2020.