The Following Information Is Related to the Pension Plan of Long

question 29

Multiple Choice

The following information is related to the pension plan of Long, Inc. for 2015. $\begin{array}{lr}\text { Actual return on plan assets } & \$ 200,000 \\\text { Amortization of net gain } & 82,500 \\\text { Amortization of prior service cost due to increase in benefits } & 150,000 \\\text { Expected return on plan assets } & 230,000 \\\text { Interest on projected benefit obligation } & 362,500 \\\text { Service cost } & 850,000\end{array}$ Pension expense for 2015 is

• A) $1,245,000.
• B) $1,215,000.
• C) $1,080,000.
• D) $1,050,000.