Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1 $460,000 Balance, January 1 Service cost 192,000 Actual return Interest cost Benefits paid 31,000 Annual contribution (89,000) Benefits paid Balance, December 31 $594,000 $257,000 35,000 113,000 (89,000) Balance, December 31 $316,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year?