Stars Inc. has a noncontributory defined pension plan for its employees. During 2020, the company had service cost of $108,000, an expected return on plan assets of $16,704, amortization of prior service cost of $3,600, amortization of net pension loss of $4,000, and benefits paid to employees of $72,000. The January 1, 2020, balance in its projected benefit obligation was $349,200. The discount rate is 10%.

Required

Calculate pension expense for 2020.