Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $120,000; benefits paid to retirees, $14,500; interest cost, $8,500. The discount rate applied by the actuary was 10%. What was the service cost for the year? Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $120,000; benefits paid to retirees, $14,500; interest cost, $8,500. The discount rate applied by the actuary was 10%. What was the service cost for the year?