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Present value of benefit obligation, January 1 - 6,900,000
Present value of benefit obligation, December 31 - 7,793,500
Fair value of plan assets, January 1 - 7,552,500
Fair value of plan assets, December 31 - 8,347,500
Employer contribution 637,500
Benefits paid to retirees 585,000
Settlement rate 10%
Ceiling January 1 is 300,000
How much would be the net pension cost takes to profit and loss for the year
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