10. James Company has a defined benefit pension plan. For year 2022, the following information were available:

Service cost - 25,000

Interest cost - 6,000

Benefits paid for the year, 10,000

Expected return on plan assets - 8,000

Actual return on plan assets - 12,000

Cash deposited with pension trustee - 18,000

Amortization of net loss - AOCI - 1,000

There were no other pension-related costs. What is the amount of pension expense?

1. 26,000

2. 23,000

3. 24,000

4. 20,000