Van Persie Corp. sponsors a defined-benefit pension plan for its employees. The following balances related to the plan exist on December 31, 2020. Plan assets (market value) $450,000 Projected benefit obligation 600,000 Pension asset/liability 150,000 Cr. Van Persie amends the pension plan, effective 1/1/2021, and the actuary informs Van Persie that the Prior Service Cost associated with the amendment equals $90,000 As a result of the operation of the plan during 2021, the actuary provided the following additional data on December 31, 2021. Service cost for 2021 $ 75,000 Actual return on plan assets in 2021 45,000 Amortization of prior service cost 20,000 Contributions in 2021 115,000 Benefits paid retirees in 2021 70,000 Settlement rate 7% Expected return rate 894 Instructions () Compute pension expense for Van Persie Corp. for the year 2021 by preparing the attached pension worksheet (b) Prepare the journal entry for pension expense. the Car Senter C