I must be figuring the long term rate wrong. Doe co. received the following reports of its defined benefit pension plan for the current calendar year.

PB0:

Bal. Jan 1 = $ 430000

Service cost= $199,000

Interest cost= $ 39,000

Benefits paid = ($89,000)

Bal. Dec 31 = $ 579,000

Plan Assets

Bal., Jan. 1= $252,000

Actual return = $ 37,000

Annual Contribution= $119,000

Benefits paid = $ (89,000)

Bal, Dec 31 = $319,000

The long-term rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year?