E$19\mathrm{.}2$B $($LO $1,2,3)($Computation of pension expense$)$ McCaw Company provides the following information about its defined$-$benefit pension plan for the year $2025$:

Service cost $ $210,000$

Contribution to the plan $$263,000$

Prior service cost amortization $$35,000$

Actual and expected return on plan assets $$123,000$

Benefits paid $$220,000$

Plan assets at January $1,2025$ $$1,440,000$

Projected benefit obligation at January $1,2025$ $$1,800,000$

Accumulated OCI $($PSC$)$ at January $1,2025$ $$325,000$

Interest$/$discount $($settlement$)$ rate $9\%$

Instructions

Compute the pension expense for the year $2025.$

As part of your solution, prepare a pension worksheet that shows the journal entry pension expense.