The following information concerns Cullumber Corp.'s defined benefit pension plan. Defined benefit obligation, 1/1/20 $236,000 (before amendment) Plan assets, 1/1/20 150,000 Discount rate 10% Annual pension service cost 11.500 Actual return on plan assets 7,500 On January 1, 2020, the company amended its pension plan, which resulted in a reduction in prior service benefits for current employees. The present value of the reduced benefits is $36,000. Calculate the pension expense that will be reported in net income for 2020 if Cullumber applies IFRS