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Bacon Bad is a national diner that has set up a defined benefit pension plan for its employees. The company uses IFRS and has provided
Bacon Bad is a national diner that has set up a defined benefit pension plan for its employees. The company uses IFRS and has provided you with the following information pertaining to its pension plan: Pension obligation, December 31, 2031 - $6819748 Plan assets, December 31, 2031 - $5865336 Interest rate on pension obligations - 7% Current service cost for the year (accrued at the end of the year) - $596654 Improvement in pension plan, effective on January 1, 2032 - $64630 Actuarial gain on change in assumptions - $0 Expected return on plan assets - 7% of plan assets Actual return on plan assets - $283855 Amounts remitted by employer to pension trust on January 1, 2032 - $666577 Payments to retirees on January 1, 2032 - $643781 What is the pension expense for the company for the December 31, 2032 year-end? Instructions: Round your final answer to the nearest dollar. Do not round intermediary answers. Enter your answer as a positive number. Do not use $ signs in your final
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