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The following information is related to the defined benefit pension plan of Melissa Larson Company for the year: Service cost Contributions to pension plan
The following information is related to the defined benefit pension plan of Melissa Larson Company for the year: Service cost Contributions to pension plan Benefits paid to retirees $100,000 150,000 119,000 Plan assets (fair value), January 1 548,000 Plan assets (fair value), December 31 668,000 Actual return on plan assets 89,000 PBO, January 1 840,000 PBO, December 31 905,000 Discount rate 10% Long-term expected return on plan assets 98 Assuming no other relevant data exist, what is the pension expense for the year?
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