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M-Howard Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the
M-Howard Inc. 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, $201,239; benefits paid to retirees, $45,885; interest cost, $10,458. There was no amortization of any prior service costs or amortization of gains/losses. The discount rate applied by the actuary was 9%. What was the service cost?
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