Exercise 20-13 Your answer is partially correct. Try again Shamrock Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan. January 1, 2017 December 31, 2017 Vested benefit obligation $2,010 $1,560 Accumulated benefit obligation 2,010 2,820 Projected benefit obligation 2,260 3,630 Plan assets (fair value) 1,540 2,560 Settlement rate and expected rate of return 10 % Pension asset/liability 720 400 Service cost for the year 2017 Contributions (funding in 2017) 730 Benefits paid in 2017 200 (d) Compute pension expense for 2017. X Pension expense $ 442