Valve Corporation has the following pension information for the year ended December 31 . 2014: Service cost $ 225,000 Contributions to the plan 240,000 Actual return on plan assets 210,000 Projected benefit obligation (beginning of year) 2,700,000 Market-related and fair value of plan assets (beginning of year) 1,800,000 Assuming the expected return on plan assets and the settlement rate are both
1 . percent, what amount should Valve report for pension expense for 2014?
a. $225,000
b. $285,000
c. $315,000
d. $495,000
C
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