Practice Exercise #$1$

Presented below is pension information related to HOVA, Inc. for the year $2020.$ What is the amount of pension expense for $2020?$

$\backslash$table$[[,170,000],[$Interest on projected benefit obligation,$90,000],[$Interest on vested benefits,$43,000],[$Amortization of prior service cost due to increase in benefits,$50,000],[$Expected return on plan assets,$]]$

$\backslash$table$[[,],[,],[,],[,],[2020$ Pension Expense,$]]$