Current service cost for a defined benefit pension plan amounted to $7,000,000. This pension plan's assets generated $5,700,000 of income, which exceeded expectations by $560,000. Pension obligations incurred and interest cost of $5,100,000, which was above expectations by $270,000. During the year, the company increased benefits in the pension plan and incurred $400,000 for past service cost Requirement Compute the amount of pension expense for the year. Let's compute the pension expense for the year by entering the appropriate amounts. (Use a minus sign or parentheses to show a decrease in pension expense.) Calculation of pension expense Current service cost Past service cost Interest cost Return on assets Pension expense