Question: --/10 Question 2 View Policies Current Attempt in Progress Marigold Inc. has a defined benefit plan for its employees. On December 31, 2019 the company's

 --/10 Question 2 View Policies Current Attempt in Progress Marigold Inc.

--/10 Question 2 View Policies Current Attempt in Progress Marigold Inc. has a defined benefit plan for its employees. On December 31, 2019 the company's records showed the following information related to the plan: Pension plan assets Defined benefit obligation $862,000 938,000 All employees are expected to receive benefits under the plan. The company's actuary provided the following information as at December 31, 2020: $174,000 30,000 5% Current year service cost Past service benefits, granted July 1, 2020 Discount rate Actual return on assets Contributions for the year Benefits paid to retirees 6% 264,000 124,000 Calculate pension expense for Marigold Inc. for 2020, assuming ASPE is used. Pension expense, 2020 >

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