5. Calculate pension expense using the following amounts.

Service Cost $506,000

Excess Amortization of Deferred Loss $115,000

Amortization of Prior Service Cost $17,000

Interest on Projected Benefit Obligation $987,000

Return on Plan Assets $422,000

1. $1,061,000
2. $2,047,000
3. $1,203,000
4. None of the above

3.) Required: Calculate cash flow from operations using the indirect method and the following data:

Net Income was $57,000
Accounts receivable decreased by $12,000
Inventory increased by $9,000
Proceeds from issuing long term debts was $25,000
Accounts Payable increased $4,500
Equipment Purchases were $95,000
Depreciation and amortization expense was $21,000
Prepaid expenses decreased $5,000

1. $90,500
2. $100,500
3. $20,500
4. None of the above