Pension data for Goldman Company included the following for the current calendar year:
Pension data for Goldman Company included the following for the current calendar year:
Service cost $ 104,000 PBO, January 1 770,000 Plan assets, January 1 820,000 Amortization of prior service cost 6,200 Amortization of net loss 2,200 Discount rate, 6% Expected return on plan assets, 8% Actual return on plan assets, 10%
Required:
Determine pension expense for the year. (Amounts to be deducted should be indicated with a minus sign.)