/3852053/take ebrating the Ed... The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 65,000 117,000 Contributions to pension plan 159,000 Benefits paid to retirees 649,000 Plan assets (fair value). January 1 765,000 Plan assets (fair value). December 31 158,000 Actual return on plan assets 900,000 PBO, January 1 896,000 PBO. December 31 Delete Home End Insert Backspace RTY UTOP! Discount rate 10 % Long-term expected return on plan assets 9 % Assuming no other relevant data exist, what is the pension expense for the year? $155,000 $93,590 $96,590 $65,000