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Sunland Company provides the following information about its defined benefit pension plan for the year 2020.
Service Cost $ 91,200
Contribution to the Plan 104,700
Prior service cost amortization 9,800
Actual and expected return on plant assets 62,800
Benefits Paid 40,500
Plant assets at January 1, 2020 632,600
Projected Benefit Obligation at January 1, 2020 686,700
Accumulated OCI (PSC) at January 1, 2020 152,100
Interest / Discount (settlement) rate 9%
Compute the pension expense for the year 2020.
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