Pension data for Manu Services Inc. include the following:

Discount rate	7%
Expected return on plan assets	9%
Actual return on plan assets	7%
Service cost, 2016	239,400
Accumulated benefit obligation 1/1/16	1,993,370
Projected benefit obligation 1/1/16	2,424,660
Plan assets (fair value) 1/1/16	2,820,320
Prior service cost–AOCI 1/1/16	277,469
Net gain–AOCI 1/1/16	293,400
2016 Cash contributions to pension fund	305,415
2016 Benefit payments to retirees	256,005

On average, employees' remaining service life with the company is 10 years

When recording the pension expense for 2016 for Manu, Pension Expense will be debited for $_________

Answer rating: 100% (QA)

Current Service Cost 239400 Interest Cost1... View the full answer