Answer:
The Amount of pension expense is $195,000
Explanation:
The computation of the amount of pension expenses reported is shown below:
Service cost $150,000
Interest on projected benefit obligation 63,000
Amortization of prior service $54,000
Less: Expected return on plan assets -$72,000
The Amount of pension expense is $195,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
