Veldre Company provides the following information about its defined benefit pension plan for the year 2014.

Service Cost - $96,000

Contribuition to the plan - 105,900

Prior service cost amortization - 12,600

Actual and expected return on plan assets - 69,900

Benefits Paid- 46,900

Plan assets at January 1, 2014 - 737,800

Projected benefit obligation at January 1, 2014 - 772,800

Accumulated OCI (PSC) at January 1, 2014 - 154,400

Interest/ Discount (settlement) Rate - 11%

Compute the pension expense for the year 2014.

Pension expense for 2014 = _________________