Hanson Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances related to this plan. Plan assets (market-related value) $520,000
Projected benefit obligation 700,000
Pension asset/liability 180,000 Cr.
Prior service cost 81,000
Net gain or loss (debit) 91,000

As a result of the operation of the plan during 2020, the actuary provided the following additional data for 2020.
Service cost $108,000
Settlement rate, 9%; expected return rate, 10%
Actual return on plan assets 48,000
Amortization of prior service cost 25,000
Contributions 133,000
Benefits paid retirees 85,000
Average remaining service life of active employees 10 years

Required:
Using the preceding data, compute pension expense for Hanson Corp. for the year 2020 by preparing a pension worksheet that shows the journal entry for pension expense.