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Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: Projected benefit obligation $141,000,000 Balance, January 1

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Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: Projected benefit obligation $141,000,000 Balance, January 1 20,500,000 Service cost 16,920,000 Interest cost (7,500,000) Benefits paid Balance, December 31 170,920,000 Plan assets 85,500,000 Balance, January 1 12,260,000 Actual return on plan assets 18,500,000 Contribution (7,500,000) Benefits paid Balance, December 31 108,760,000 The expected long-term return on plan assets is 12%. There were no other relevant data for the year. Required: 1. Determine Burrito's pension expense for the year. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign. Round your answers to 2 decimal places.) in millions) Pension Expense Pension expense

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