(Solved): Presented below is information related to the pension plan of Sheridan Inc. for the year 2026. The s ...

Presented below is information related to the pension plan of Sheridan Inc. for the year 2026. The service cost related to pension expense is

using the projected benefits approach. The projected benefit obligation and the fair value of the plan assets at the beginning of the year are

and

. respectively. The expected return on plan assets is

and the settlement rate is

. The accumulated OCI - prior service cost at the beginning of the year is

. The company has a workforce of 200 employees, all who are expected to receive benefits under the plan. The total number of service-years is 1,000 and the service-years attributable to 2026 is 200 . The company has decided to use the years-of-service method of amortization for these costs. At the beginning of the period, the fair value of pension plan assets was

. The company had an Accumulated OCl (loss) at the beginning of the period of

. Any amortization of unrecognized net loss is recognized on a straight-line basis over the average remaining service-life of the employees. The contribution made to the pension fund in 2026 was

. (a) Determine the pension expense to be reported on the income statement for 2026. (Round answer to 0 decimal places, eg. 1525) Pension expense