Question - The following information pertains to Lee Corp's defined benefit pension plan for 20X8:
Service cost $160,000
Actual & expected return on plan assets 35,000
Unexpected loss on plan assets related
to a 20X8 disposal of a segment 40,000
Amortization of unrecognized prior service cost 5,000
Annual interest on pension obligation 50,000
What amount should Lee report as pension expense in its 20X8 income statement?
a. $250,000
b. $220,000
c. $210,000
d. $180,000