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Blossom, Inc. received the following information from its pension plan trustee concerning the operation of the company's definedenefit pension plan for the year ended December
Blossom, Inc. received the following information from its pension plan trustee concerning the operation of the company's definedenefit pension plan for the year ended December 31, 2026. The service cost component of pension expense for 2026 is $510000 and the amortization of prior service cost due to an increase in enefits is $103000. The settlement rate is 10%. Actual return on plan assets for 2026 is $204000. Assume the actual return on plan issets is equal to the expected return on plan assets. What is the amount of pension expense for 2026 ? $1277000$1073000$1243300$970000
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