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The following information is available for the pension plan of Monty Company for the year...

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Accounting

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The following information is available for the pension plan of Monty Company for the year 2020. Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2020 Service cost $ 15,000 39,300 84,400 10 % 8,100 490,000 56,600 (a) X Your answer is incorrect. Compute pension expense for the year 2020. Pension expense for 2020 $ 82,500

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