Blossom Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $ 90,600 Contribution to the plan 103,900 Prior service cost amortization 10,100 Actual and expected return on plan assets 63,100 Benefits paid 39,600 Plan assets at January 1, 2020 644,100 Projected benefit obligation at January 1, 2020 710,600 Accumulated OCI (PSC) at January 1, 2020 149,400 Interest/discount (settlement) rate 9 % Compute the pension expense for the year 2020. Pension expense for 2020 $enter the Pension expense for 2020 in dollars

Blossom Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $ 90,600 Contribution to the plan 103,900 Prior service cost amortization...

Blossom Company provides the following information about its defined benefit pension plan for the year 2020.

Service cost	$ 90,600
Contribution to the plan	103,900
Prior service cost amortization	10,100
Actual and expected return on plan assets	63,100
Benefits paid	39,600
Plan assets at January 1, 2020	644,100
Projected benefit obligation at January 1, 2020	710,600
Accumulated OCI (PSC) at January 1, 2020	149,400
Interest/discount (settlement) rate	9	%

Compute the pension expense for the year 2020.

Pension expense for 2020

$enter the Pension expense for 2020 in dollars

Jun 01, 2022