Presented below is information related to Jensen Inc. pension plan for 2013.
Service cost $1,100,000 Actual return on plan assets 210,000 Interest on projected benefit obligation 390,000 Amortization of net loss 90,000 Amortization of prior service cost due to increase in benefits 165,000 Expected return on plan assets 180,000
What amount should be reported for pension expense in 2013?
a. $1,565,000
b. $1,535,000
c. $1,715,000
d. $1,355,000
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