Question: Using the following information, compute (1) pension expense, (2) changes in PBO, and (3) changes in plan assets during the year. Service cost $366 Interest

Using the following information, compute (1) pension expense, (2) changes in PBO, and (3) changes in plan assets during the year.

Service cost $366

Interest on PBO $737

Actual and expected return on plan assets $593

Amortization of prior service cost $13

Amortization of net loss $154

Benefits paid to retirees $40

Contribution to plan assets $50

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