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Presented below is information related to Crane Inc. pension plan for 2021. Service cost $ 760000 Actual return on plan assets 184000 Interest on projected
Presented below is information related to Crane Inc. pension plan for 2021.
| Service cost | $ | 760000 | |
| Actual return on plan assets | 184000 | ||
| Interest on projected benefit obligation | 400000 | ||
| Amortization of net loss | 60000 | ||
| Amortization of prior service cost due to increase in benefits | 160000 | ||
| Expected return on plan assets | 180000 |
What amount should be reported for pension expense in 2021?
|
| $1200000 |
|
| $980000 |
|
| $1196000 |
|
| $1376000 |
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