Capsule Corp. has a Projected Benefit Obligation(PBO) balance of $47,000 and a balance in plan assets of $44,000 at the beginning of the year. Because of recent unexpected excessive returns on its investments of plan assets, its net pension gain in accumulated other comprehensive income totaled $8,000. The average remaining service period of Capsule's employees is 15 years.

Before considering the possible amortization of this net gain, Capsule's pension expense is $11,000.

How much total pension expense will Capsule record this year?

Question 1 options:

A.	$10,760
B.	$14,300
C.	$10,780
D.	$7,700