The Baton Rouge Company compiled the following information for the current year related to its defined pension plan:

Present value of defined benefit obligation, beginning of the year 1,000,000

Fair value of plant, asset, beginning of the year 800,000

Service cost, current year 50,000

Actuarial gain, current year 8,000

Actual return on plan assets, current year 55,000

Effective yield on high-quality corporate bonds, current year 5%

Required: Determine the amount of defined benefit cost for the current year to be reported in (a) net income and (b) other comprehensive income