6 Renegade Corp. provides its employees with a defined benefit pension plan. The balances as at January 1, 20X4, were as follows: Pension obligation $7,000,000 Plan assets $5,900,000 Other information pertaining to the pension plan during 20X4 is as follows: Interest rate used in actuarial assumptions 4% Current service cost for the year)-end of year Past service cost (improvement in benefits) Actuarial gain due to a change in assumption $590,000 end of year $60,000 $25,000 Actual return on plan assets Remitted to pension trustee-end of year Payments to retirees-end of year What is the net amount that will be charged to pension expense for Renegade's 20X4 fiscal year end? Oa. $634,000 Ob. $699,000 Oc. $674,000 Od. $694,000 $275,000 $670,000 $640,000