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  3. a company with a defined-benefit pension plan has

A company with a defined-benefit pension plan has the following information for the year 2021....

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Accounting

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A company with a defined-benefit pension plan has the following information for the year 2021. Service cost $ 445,000 Contributions to the plan 330,000 Benefits paid 200,000 Actual return on plan assets 270,000 Projected benefit obligation (beginning of year) 3,600,000 Fair value of plan assets (beginning of year) 2,400,000 Amortization of PSC 100,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is: 905,000 545,000 665,000 635,000

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