Carla Vista, Inc. received the following information from its pension plan trustee concerning the operation...
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Carla Vista, Inc. received the following information from its pension plan trustee concerning the operation of the company's definedbenefit pension plan for the year ended December 31, 2021. The service cost component of pension expense for 2021 is $775000 and the amortization of prior service cost due to an increase in benefits is $87000. The settlement rate is 11% and the expected rate of return is 10%. What is the amount of pension expense for 2021? $1022300 $1009500 $924500 $775000
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