Towson Company has experienced tough competition for its talented workforce, leading it to enhance the pension benefits provided to employees. As a result, Towson amended its pension plan on January 1, 2017, and granted past service costs of $250,000. Current service cost for 2017 is $52,000. Interest expense is $18,000, and interest revenue is $5,000. Actual return on assets in 2017 is $3,000. What is Towson’s pension expense for 2017?

(a) $65,000.

(c) $317,000.

(b) $302,000.

(d) $315,000.