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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) 2021 Beginning balances 2022 Beginning balances Projected benefit obligation $ (6,400

The following information pertains to Havana Corporation's defined benefit pension plan:

($ in thousands) 2021 Beginning balances 2022 Beginning balances
Projected benefit obligation $ (6,400 ) $ (6,904 )
Plan assets 6,100 6,736
Prior service costAOCI 640 580
Net lossAOCI $ 760 $ 826

At the end of 2021, Havana contributed $735 thousand to the pension fund and benefit payments of $634 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2021 pension expense for Havanas plan?

Multiple Choice

  • None of these are correct.

  • $672 thousand.

  • $631 thousand.

  • $597 thousand.

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