8. Kalamazoo Company provided following information for the current year related to its defined benefit pension plan:

Present value of defined benefit obligation, January 1	$5,000,000
Fair value of plan assets, January 1	4,000,000
Service cost for the year	250,000
Actuarial gain for the year	40,000
Actual return on plan assets for the year	275,000
Effective yield (discount rate)	5%

Required: Determine the amount of defined benefit cost (Pension expense) for the current year to be reported in (a) net income and (b) other comprehensive income