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What is the pension expense

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Question - Clarkson Co. provides the following information about its pension plan for the year 2022. Service cost £90,000

Contribution to the plan 16,000

Actual return on plan assets 62,000

Benefits paid 40,000

Plan assets at January 1, 2022 710,000

Defined benefit obligation at January 1, 2022 810,000

Unrecognized past service cost balance at January 1, 2022 100,000

Discount rate 9%

Based on this information, what is the pension expense for 2022?

Reference no: EM132979257

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