Howard Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2011, the following balances are related to its defined benett pension plan: Plan assets (makarelated value) 520,000 Projected benefit obligation 650,000 Pension assibility 140,000 Prier service cost 50.000 VEGL- Loss 95,000 On December 31, 2011, the actuary provides the following additional data Service cost for 2011 72,000 Actual rehurn on plan assets in 2011 42.000 Amortization of prior service cost 8,000 Contributions in 2011 50.000 Benefits paid retirees in 2011 40.000 ai | Hit vao ON Expected return rate Average remaining service life of active employees (years) 6 On its 2011 Income Statement, reported pension expense should be