Pension data for Goldman Company included the following for the current calendar year:

Service cost

$ $106,000$

PBO, January $1$

$780,000$

Plan assets, January $1$

$830,000$

Amortization of prior service cost

$6,300$

Amortization of net loss

$2,300$

Discount rate, $8\%$

Expected return on plan assets, $10\%$

Actual return on plan assets, $12\%$

Required:

Determine pension expense for the year.

Note: Amounts to be deducted should be indicated with a minus sign.

Pension Expense

Pension expensePension data for Goldman Company included the following for

the current calendar year:PBO, January $1780,000$

Plan assets, January $1830,000$

Amortization of prior service cost $6,300$

Amortization of net loss $2,300$

Discount rate, $8\%$

Expected return on plan assets,

$10\%$

Actual return on plan assets, $12\%$Required:

Determine pension expense for the year.

Note: Amounts to be deducted should be indicated with a

minus sign.