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View Policies Current Attempt in Progress Presented below is information related to the pension plan of Zimmer Inc for the year 2018 1. The service cost related to pension expense is $242,000 using the projected benefits approach 2. The projected benefit obligation and the accumulated benefit obligation at the beginning of the year are $322.000 and $284.000, respectively. The expected return on plan assets is 9% and the settlement rate is 10% 3. The accumulated ci-poor service cost at the beginning of the year is $142.000. The company has a workforce of 204 employees, all who are expected to receive benefits under the plan. The total number of service years is 1.020 and the service years attributable to 2018 s 204. The company has decided to use the years of service method of amortization for these costs. 4. At the beginning of the period, the fair value of pension plan assets was $284,000. The company had an Accumulated Oclloss) at the beginning of the period of $42.000. Any amortization of unrecognized net loss is recognized on a straight-line basis over the average remaining service life of the employees. 5. The contribution made to the pension fund in 2018 was $231.000 Determine the pension expense to be reported on the income statement for 2018. (Round answer to decimal places, eg 1525) Pension expenses Attempts: 0 of 1 used Submit A Savola

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