69. Presented below is pension information related to Woods, Inc. for the year 2026: Service cost Interest on projected benefit obligation Interest on vested benefits Amortization of prior service cost due to increase in benefits Actual return on plan assets $410,000 270,000 120,000 60,000 90,000 If the actual return equals the expected return on plan assets, the amount of pension expense to be reported for 2026 is a. $590,000. b. $770,000. c. $860,000. d. $650,000. Ans: D, LO: 1, Bloom: AP, Difficulty: Moderate, Min: 3, AACSB: Analytic, AICPA BC: None, AICPA AC: Measurement Analysis and Interpretation AICPA PC: Problem Solving, IMA: Reporting, IFRS: None