A Company's Defined Benefit Pension Plan Incurs Current Service Cost

A company's defined benefit pension plan incurs current service cost of $2,000,000.Expected income on the pension plan's assets amounted to $8,500,000,while actual income was $8,800,000.The interest on the pension obligation was $10,000,000,which matched the actuarial estimates.No past service costs arose during the year.
Required:
Compute the amount of pension expense for the year.

Correct Answer:

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