The answer 318,295 is not correct.

If you could help me to correct the error it would be great!

pter 19 Question 1 of 9 View Policies Show Attempt History 1/2 Current Attempt in Progress Sheridan Corp. provides a defined contribution pension plan for its employees. The plan requires Sheridan to contribute 5% of employees' gross pay to a fund trustee each year. Sheridan's total payroll for 2023 was $2,887,500. At the start of 2023 , Sheridan revised the terms of the plan, which resulted in past service costs of $869,600. Sheridan expects to realize the economic benefits from the plan change for at least five years, beginning in 2023. Your answer is incorrect. Calculate Sheridan's pension benefit expense for 2023 assuming that the company follows ASPE. (Round answer to 0 decimal places, e.g. 5,275.) Pension benefit expense $ eTextbook and Media Attempts: 1 of 2 used Using multiple attempts will impact your score. 25% score reduction after attempt 1