Current Attempt in Progress

Presented below is information related to Cullumber Department Stores, Inc. pension plan for $2026.$

Accumulated benefit obligation $($at year$-$end$)$

$$520,000$

Service cost

$460,000$

Funding contribution for $2026$

$400,000$

Settlement rate used in actuarial computation

$11\%$

Expected and actual return on plan assets

$10\%$

Amortization of PSC $($due to benefit increase$)$

$92,000$

Amortization of net gains

$40,000=$

Projected benefit obligation $($at beginning of period$),390,000$

Fair value of plan assets $($at beginning of period$),280,000$

$($a$)$

Compute the amount of pension expense to be reported for $2026.$

Pension expense