Sarasota Company sponsors a defined benefit pension plan. The following inf
Plan assets (fair value), December 31
Projected benefit obligation, January 1
Pension asset/liability, January 1
Prior service cost, January 1
Service cost
Actual and expected return on plan
assets
Amortization of prior service cost
Contributions (funding)
Accumulated benefit obligation,
December 31
Interest/settlement rate
2020
2021
$768,900
$933,900
770,000
880,000
154,000 Cr.
?
275,000
264,000
66,000
99,000
26,400
33,000
11,000
13,200
126,500
132,000
550,000
605,000
9 %
9 %
(a)
Compute pension expense for 2020 and 2021.
Pension expense for 2020
$
Pension expense for 2021
$