Louie Company has a defined benefit pension plan. On December 31 (the end of the facal year, the company received the PBO report from the actuary The folowing information was included in the report...

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Extracted text: Louie Company has a defined benefit pension plan. On December 31 (the end of the facal year, the company received the PBO report from the actuary The folowing information was included in the report ending PBO, S15.000, benefits paid to retirees, $14.500, interest cost, $7500 The discount rate applied by the actuary was 10% What was the service cost for the year? Multiple Choice $7.000 $22.000 O $47,000 593,000