Question - Bickner Company provides the following information about its defined benefit pension plan for the year 2010.
Service cost $90,000
Contributions to the plan 105,000
Prior service cost amortization 10,000
Actual and expected return on plan assets 64,000
Benefits paid 40,000
Plan assets a January 1, 2010 640,000
Projected Benefit Obligation at January 1, 2010 700,000
Accumulated OCI (PSC) at January 1, 2010 150,000
Interest/discount (settlement) rate 10%
Compute the pension expense for the year 2010.