Computing Pension Expense Chanelle Company reports the following pension information for 2009:

1. What pension amount would Chanelle report on its balance sheet as of the end of the year?
2. Compute the amount to be reported on the income statement as pension expense for the year.

Transcribed Image Text:

Pension-related interest cost for the year 65,000 Pension fund assets, end of year Pension obligation liability, end of year Pension service cost for the year Return on pension fund assets for the year 895,000 930,000 90,000 115,000