Answer Happy

Question 1 of 4 -/2.5 Sarasota Company provides the following information about its defined benefit pension plan for the year 2020. Service cost $ 91,100 Contribution to the plan 103,300 Prior service cost amortization 9.400 65,100 40,500 650,700 Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2020 Projected benefit obligation at January 1, 2020 Accumulated OCI (PSC) at January 1, 2020 Interest/discount (settlement) rate 694,300 151,900 10% Compute the pension expense for the year 2020 Pension expense for 2020