Duster Corporation is a private company with a defined benefit pension plan. The following information is available for Duster Corporation for 2020: 

Opening balance, DBO..................................................$210,000 

Opening balance, plan assets........................................200,000 

Service cost.........................................................................58,000 

Employer contributions paid evenly through 2020.......77,000 

Applicable interest or discount rate.....................................10% 

Actual return on plan assets.............................................25,000 

Actuarial loss due to change in actuarial assumptions..14,000 

Assuming that Duster follows IFRS, determine the 2020 effect of the pension plan on pension expense and the company's shareholders' equity