Babcock Company received the following reports of its defined benefit pension plan for the current calendar year Ine 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? Multiple Choice $360,000 Babcock Company received the following reports of its defined benefit pension plan for the current calendar year Ine 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? Multiple Choice $360,000