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Business, 18.03.2021 01:30 skylergibbons01

Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1$430,000 Balance, January 1$257,000 Service cost 193,000 Actual return 38,000 Interest cost 31,000 Annual contribution 115,000 Benefits paid (89,000) Benefits paid (89,000) Balance, December 31$565,000 Balance, December 31$321,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year

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