The following information concerns Carla Vista Corp.s defined benefit pension plan.

Defined benefit obligation, 1/1/20 (before amendment)		$253,000
Plan assets, 1/1/20		164,000
Discount rate		10%
Annual pension service cost		14,500
Actual return on plan assets		8,200

On January 1, 2020, the company amended its pension plan, which resulted in a reduction in prior service benefits for current employees. The present value of the reduced benefits is $29,000.

(a)

Calculate the pension expense that will be reported in net income for 2020 if Carla Vista applies IFRS.

Pension select an option expensebenefit

$enter a dollar amount