The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2008 is

2. Koble, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2008. Service cost $344,000 Contributions to the plan $378,400 Actual return on plan assets $309,600 Fair value of plan assets (beginning of year) $2,752,000 PBO (beginning of year) $4,128,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2008 is $344,000 $447,200 $756,800 $481,600