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Pension data for Goldman Company included the following for the current calendar year: Service cost PBO, January 1 Plan assets, January 1 Amortization of prior
Pension data for Goldman Company included the following for the current calendar year: Service cost PBO, January 1 Plan assets, January 1 Amortization of prior service cost Amortization of net loss Discount rate, 6% Expected return on plan assets, 8% Actual return on plan assets, 10% $116,000 830,000 880,000 6,800 2,800 Required: Determine pension expense for the year. (Amounts to be deducted should be indicated with a minus sign. Pension Expense Pension expense 0
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