Oriole, Inc. received the following information from its pension plan trustee concerning the operation of the compan benefit pension plan for the year ended December 31, 2026: Projected benefit obligation Fair value of plan assets Accumulated benefit obligation Accumulated OCI - (PSC) (a) January 1, 2026 $2,550,000 1,300,000 Pension expense $ 1,935,000 545,000 Determine the pension expense to be reported in 2026. December 31, 2026 $2,900,000 The service cost component for 2026 is $142,500 and the amortization of prior service costs is $242,500. The c funding of the plan in 2026 amounted to $505,000. The expected return on plan assets and the settlement rate 25,000 2,625,000 302,500

Oriole. Inc, received the following information from its pension plan trustee concerning the operation of the compan benefit pension plan for the year ended December 31,2026: The service cost component for 2026 is $142,500 and the amortization of prior service costs is $242,500. The funding of the plan in 2026 amounted to $505,000. The expected return on plan assets and the settlement rate (a) Determine the pension expense to be reported in 2026. Pension expense