Subject - account Please help me. Thankyou. View PoliciesCurrent Attempt in ProgressSandhill, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2026:Fair value of pension plan assetsProjected benefit obligationAccumulated benefit obligationAccumulated OCI - (Gains/Losses)Actual return on plan assetsO $888000O $1080000O $1568000O $1408000e Textbook and MediaJanuary 1, 2026$6000000Save for Later680000011600000The service cost component of pension expense for 2026 is $800000 and the amortization of prior service cost due to an increase inbenefits is $88000. The settlement rate is 10%. Assuming that the actual return equals the expected return on plan assets, what is theamount of pension expense for 2026?December 31, 2026$640000072800001400000(80000)160000Attempts: 0 of 2 usedSubmit Answer

The pension expense is the expenses of a business for the pension liabilities. The pension plan is…

Sandhill, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined- benefit pension plan for the year ended December 31, 2026: Fair value of pension plan assets Projected benefit obligation Accumulated benefit obligation Accumulated OCI - (Gains/Losses) Actual return on plan assets January 1, 2026 $6000000 O $888000 O $1080000 O $1568000 6800000 1160000 0 December 31, 2026 $6400000 7280000 1400000 (80000) 160000 The service cost component of pension expense for 2026 is $800000 and the amortization of prior service cost due to an increase in benefits is $88000. The settlement rate is 10%. Assuming that the actual return equals the expected return on plan assets, what is the amount of pension expense for 2026?