A stock currently sells for 58 the dividend yield is 3.6 percent

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Explanation:

A)$593,440

Explanation:

Calculation to determine What amount of pension expense should Gillock report in its income statement for the year ended December 31, 2022

First step is to calculate the Balance of plan assets on 31st December 2022

Funding on 1st January 2021 $400,000

Add actual return on 31 December 2021 $32,000($400,000×8% )

Add Current funding on 1st January 2022 $400,000

Balance of plan assets on 1st January 2022 $832,000

Balance of plan assets on 31st December 2022 $66,560 ($832,000×8% )

Now let calculate pension expense

Service cost$600,000

Less: Expected return on plan assets ($66,560)

Pension expense for the year 2022 $593,440

($600,000-$66,560)

Therefore What amount of pension expense should Gillock report in its income statement for the year ended December 31, 2022 will be $593,440