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Colombo Enterprises has a defined benefit pension plan At the end of the reporting year, the following data were available: beginning PBO, $81.000, service cost,

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Colombo Enterprises has a defined benefit pension plan At the end of the reporting year, the following data were available: beginning PBO, $81.000, service cost, $17,500 interest cost, $6,500; benefits paid for the year, $8,500, ending PBO, $96,500, and the expected return on plan assets, $12.000. There were no other pension-related costs. The journal entry to record the annual pension costs will include a debit to pension expense for Muliple Choice $24,000 $5,500 11000 $12.000

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