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The following information is available for Wildhorse Corporations pension plan for the 2020...

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Accounting

The following information is available for Wildhorse Corporations pension plan for the 2020 fiscal year:
Defined benefit obligation, 1/1/20, accounting basis, before plan amendment $257,000
Fair value of plan assets, 1/1/20329,000
Current service cost 63,200
Discount rate 14%
Actual return on plan assets 12%
Contributions (funding)78,300
Benefits paid to retirees 43,200
On January 1,2020, Wildhorse Corp. amended its pension plan, resulting in past service costs with a present value of $140,150. Wildhorse follows ASPE.
(a)
Calculate define benefit expense for 2020.

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