Answer:
$650,000
Explanation:
Calculation to determine what The amount of pension expense to be reported for 2021 is
Service cost $410,000
Add Interest on projected benefit obligation $270,000
Add Amortization of prior service cost due to increase in benefits $60,000
Less Expected return on plan assets ($90,000)
2021 Pension expense to be reported $650,000
($410,000+$270,000+$60,000-$90,000)
Therefore The amount of pension expense to be reported for 2021 is $650,000
