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Husky Co. adopted a new defined benefit pension plan for its employees on 1/1/10. All existing employees at that date were granted benefits for their prior service with Husky and that decision resulted in a 1/1/10 PBO of $160,000. The remaining service life for all amortization is 16 years. A 6% discount (or settlement) rate is used to determine the PBO and the investment return expected on plan assets is 8%. Husky contributed $90,000 to the plan on 1/1/10 which appreciated to $105,000 by 12/31/10 as a result of actual returns. During 2010, Husky employees earned additional plan benefits of $32,000. What is the amount of pension expense per GAAP for fiscal year 2010?

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