$20-2($Computation of Pension Expense$)$ Veldre Company provides the following information about its defined benefit pension plan for the year $2012.$ Service cost $ $90,000$ Contribution to the plan $105,000$ Prior service cost amortization $10,000$ Actual and expected return on plan assets $64,000$ Benefi ts paid $40,000$ Plan assets at January $1,2012640,000$ Projected benefi t obligation at January $1,2012700,000$ Accumulated OCI $($PSC$)$ at January $1,2012150,000$ Interest$/$discount $($settlement$)$ rate $10\%$ Instructions Compute the pension expense for the year $2012.$

E$20-3($Preparation of Pension Worksheet$)$ Using the information in E$20-2,$ prepare a pension worksheet inserting January $1,2012,$ balances, showing December $31,2012,$ balances, and the journal entry recording pension expense.