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The following information is available for the pension plan of Larkspur Company for the year 2017. Actual and expected return on plan assets $15,400 Benefits
The following information is available for the pension plan of Larkspur Company for the year 2017.
Actual and expected return on plan assets
$15,400
Benefits paid to retirees
38,500
Contributions (funding)
90,500
Interest/discount rate
9%Prior service cost amortization
8,200
Projected benefit obligation, January 1, 2017
507,000
Service cost
63,500
Compute pension expense for the year 2017.
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