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Presented below is pension information for Welch Company for the year 2018: The amount of pension expense to be reported for 2018 is a. exist93,000. b. exist69,000. c. exist60,000. d. exist45,000. Gregory, inc received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2018: The service cost component for 2018 is exist150,000 and the amortization of prior service cost is exist240,000. The companys actual funding of the plan in 2018 amounted to exist510,000. The actual and expected return on plan assets and the settlement rate were both 8%. What is the pension expense to be reported in 2018? a. exist240,000 b. exist260,000 c. exist490,000 d. %510,000 Benefits paid to retired employees increases a. pension expenses b. the plan assets c. PBO d. OCI e. None of the above