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The following information pertains to Johnson Corp.s defined benefit pension plan for 2020: Projected benefit obligation 1/1/20 980,000 Plan assets 1/1/20 790,000 Prior service cost
| The following information pertains to Johnson Corp.s defined benefit pension plan for 2020: | |||
| Projected benefit obligation 1/1/20 | 980,000 | ||
| Plan assets 1/1/20 | 790,000 | ||
| Prior service cost | 84,000 | ||
| Accumulated OCI - Loss | 100,400 | ||
| Service cost for 2020 | 92,000 | ||
| Settlement rate | 7% | ||
| Expected return on plan assets | 6% | ||
| Estimated future service life of employees | 12 years | ||
| What amount willJohnson report as pension expense in its 2020 income statement? | |||
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