Pension data for John Ferguson Company include the following for 2) Pension data for John Ferguson Company include the following for the current calendar year Discount rate: 7% Expected return on plan assets 11% Actual return on plan assets: 10% Service cost: $250,000 January 1 ABO Plan assets Amortization of prior service cost Amortization of net gain $1,500,000 X 7%=interes+ 1,200,000 1,700,000 25,000 2,000 December 31 Cash contributions to pension fund: Benefit payments to retirees $240,000 260,000 Required: Determine pension expense for the year. (15 points x71