Crane Company provides the following information about its defined benefit pension plan for the year 2020. Service cost$ 89,400 Contribution to the plan105,700 Prior service cost amortization10,800 Actual and expected return on plan assets64,500 Benefits paid40,200 Plan assets at January 1, 2020640,200 Projected benefit obligation at January 1, 2020710,100 Accumulated OCI (PSC) at January 1, 2020152,200 Interest/discount (settlement) rate10% Compute the pension expense for the year 2020.