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Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the plan for the year 2012. Market-related FMV of

Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the plan for the year 2012.

Market-related FMV of plan assets at 1-1-12 200,000

Projected Benefit Obligation at 1-1-12220,000

Accumulated Benefit Obligation at 1-1-12180,000

Actual return on plan assets for 201210%

Expected return on plan assets for 20128%

Settlement rate for 20126%

Plan contributions made during 201210,000

Service cost on PBO for 20128,000

Amortization of Prior Service Cost for 2012--800

Amortization of Unrecognized Actuarial losses for 2012--900

Pension Benefits paid out in 2012--1000

Using the information provided above, compute total Pension Expense for 2012: (show your work)

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