The following information is related to the defined benefit pension plan of a company for 2021. Amortization of prior service cost $176,000 Contributions to the plan 123,000 Expected return on plan assets 279,000 Interest on projected benefit obligation 327,000 Service cost 634,000 Actual return on plan assets 248,000 Amortization of net (or OCI) gain 85,700 Pension expense for 2021 is $__________.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is related to the defined benefit pension plan of a company for 2021.
                  Amortization of prior service cost                          $176,000
                  Contributions to the plan                                         123,000
                  Expected return on plan assets                               279,000
                  Interest on projected benefit obligation                   327,000
                  Service cost                                                             634,000
                  Actual return on plan assets                                    248,000
                  Amortization of net (or OCI) gain                             85,700

Pension expense for 2021 is $__________.
 

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