Benefits paid to retired employees decreases a. pension expense b. the company's cash balance d. the plan assets The relationship between the amount funded and the amount reported for pension espense s s follows a pension expense must equal the amount funded. b. pension expense will be less than the amount funded C. pension expense wil be more than the amount funded d. pension expense may be greater than, equal to, or less than the amount funded. Gregory, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benet pension plan for the year ended December 31, 2018 anuery 1, 2018 Projected benefit obligation $2,500,000 Plan asset value Accumulated OC1-(Psc) 540,000 300,000 The service cost component for 2018 is $150,000 and the amortization of prior service cost is $240,000. The company's actual funding of the plan in 2018 amounted to $510,000. 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? What is the pension expense to be reported in 20187 a. $240,000 b. $260,000 $490,000 d $510,000 1 0 The following information pertains to Mellon Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/i/11 $72,000 $70,000 10% $18,000 $15,000 Plan assets 1/1/11 Assurned discount rate Service costs for 2011 Pension benefits paid during 2011 Melon's interest cost at December 31, 2011 was $7,200 $7,000 $1,500 $1,800