Pension data for Goldman Company included the following for the current calendar year:
service cost $100,000
PBO January 1 $750,000
plan Asset January 1, $800,000
amormization of prior service cost 6000
amormization of net loss 2000
discount rate 8%
expected return on plan asset 10%
actual return on plan assets 12%
Required:
Determine pension expense for the year.