3. Fox Company endary received the following reports of its defined benefit pension plan for the the Plan assets Balance, January 600,000 Balance, Januaryt$500,000 Service cost Interest cost Benelits paid 50,000 220,000 (90.900) 360,000 Actual return 000 Anmaal contribution 190.00) Benefits paid Balance. December 31000 Balance. December 80.00 The long-term expected rate of return on plan assets is 8%. Assuming no other data are relevant. what is the pension expense for the year? A. $360,000 B. $374,000. C. $384,000. D. $424,000. 4. The following information related to the defined benefit pension plan of Dreamworld Company for the year: $60,000 110,000 150,000 640,000 750,000 150,000 900,000 960,000 10% 9% Service cost Contributions to pension plan Benetits paid to retirees Plan assets (fair value), January Plan assets (fair value). December 31 Actual return on plan assets PBO, January I PBO, December 31 Discount rate Long-term expected return on plan assets Assuming no other relevant data exist, what is the pension expense for the year? A. $ 60,000. B. $ 92,400. C. $170,000. D. $190,000. TRUE OR FALSE 5. If a pension plan is underfunded, the company has a net loss-OCI