Veldre Company provides the following information about its defined benefit pension plan for the year 2012.

Service cost		$ 94,000
Contribution to the plan		109,400
Prior service cost amortization		16,700
Actual and expected return on plan assets		68,400
Benefits paid		47,800
Plan assets at January 1, 2012		671,000
Projected benefit obligation at January 1, 2012		755,700
Accumulated OCI (PSC) at January 1, 2012		159,800
Interest/discount (settlement) rate		12	%

Compute the pension expense for the year 2012.