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Assume the following information for Temples defined benefit pension plan for the fiscal year ending 2016 (all amounts are in Dollars): Employer Contributions 1,500 Current

Assume the following information for Temples defined benefit pension plan for the fiscal year ending 2016 (all amounts are in Dollars):

Employer Contributions 1,500

Current service costs 1,850

Past service costs 120

Beginning of year PBO 39,000

End of year PBO ????

Increase due to actuarial estimates 628

Beginning of year plan assets 28,000

End of year plan assets ????

Actuarial return on plan assets 1,795

Benefits paid 635

Unamortized actuarial losses (GAAP) 3,150

Expected rate of return on plan assets 6.0%

Discount rate 7.5%

What is the periodic pension cost reported in P&L under GAAP (ignore amortization of past service cost)?

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