Duster Corporation is a private enterprise and has a defined benefit pension plan that is accounted for under the immediate recognition approach. The following information is available for Duster Corporation for 2011:
Service cost ............. $58,000
Interest on ABO, funding basis ..... 23,000
Expected return on plan assets ...... 25,000
Actual return on plan assets ...... 27,000
Calculate Duster’s 2011 pension expense.