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The funded status of Hyatt Inc.'s defined benefit pension plan and the balances in prior service cost and the net gainpensions, are given below. 2013

The funded status of Hyatt Inc.'s defined benefit pension plan and the balances in prior service cost and the net gainpensions, are given below.

2013 2013
Beg Balance End Balance
PBO 2,300,000 2,501,000
Plan Assets 2,400,000 2,591,000
Funded Status 100,000 90,000
AOCI- Prior Service Cost 325,000 300,000
AOCI- Net Gain 340,000 300,000

Retirees were paid $270,000 and the employer contribution to the pension fund was $245,000 at the end of 2013. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 7%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is pension expense for 2013?

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