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Pension Data for Goldman Company Included the Following for the Current

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Pension data for Goldman Company included the following for the current calendar year:  Service cost $100,000 PBO, January 1750,000 Plan assets, January 1 800,000 Amortization of prior service cost 6,000 Amortization of net loss 2,000 Discount rate, 8% Expected return on plan assets, 10% Actual return on plan assets, 12%\begin{array} { | l | r | } \hline \text { Service cost } & \$ 100,000 \\\hline \text { PBO, January } 1 & 750,000 \\\hline \text { Plan assets, January 1 } & 800,000 \\\hline \text { Amortization of prior service cost } & 6,000 \\\hline \text { Amortization of net loss } & 2,000 \\\hline \text { Discount rate, } 8 \% & \\\hline \text { Expected return on plan assets, } 10 \% & \\\hline \text { Actual return on plan assets, } 12 \% & \\\hline\end{array} Required:
Determine pension expense for the year.

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