FINANCIAL ACCOUNTING II Lee Electronics, Inc. reported the following information related to its defined-benefit pension plan at December 31, 2017: Projected benefit obligation... Pension plan assets (held by a trustee) .$400,000 $320,000 The plan was subject to the following during 2018: a) Lee's actuary determined that the service cost for the plan during 2018 was b) The expected rate of return on plan assets and the actual rate of return were both c) The interest (discount) rate in the marketplace was 5%. $60,000 9%. d) In 2015, an amendment to the plan resulted in prior service cost of $40,000. Each year, one-tenth of this cost is being amortized. e) Lee contributed $120,000 to the pension fund at the end of 2018, and retirees were paid $44,000 from plan assets during the year Based on the above information, determine pension expense as of and for the yea December 31, 2018. Prepare a formal schedule to support your answer, with sufficient detail to support your calculation of each element of expense