Charlie needs to calculate pension expense for the year. The following information is given: Service Cost $12,000 Interest on PBO $8,550 Expected Return on Plan Assets $7,000 Actual Return on Plan Assets $10,000 Actuarial Gains and Losses $12,000 Loss Amortization of Prior Service Costs and Pension Gains and Losses from OCI $2,750 What is the pension expense for Charlie