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Present value of benefit obligation, January 1 - 6,900,000 Present value of benefit obligation, December 31 - 7,793,500 Fair value of plan assets, January 1

Present value of benefit obligation, January 1 - 6,900,000

Present value of benefit obligation, December 31 - 7,793,500

Fair value of plan assets, January 1 - 7,552,500

Fair value of plan assets, December 31 - 8,347,500

Employer contribution 637,500

Benefits paid to retirees 585,000

Settlement rate 10%

Ceiling January 1 is 300,000

How much would be the net pension cost takes to profit and loss for the year

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