Crane Limited sponsors a defined benefit pension plan for its employees, which it accounts for under ASPE. The following data relate to the operation of the plan for the year 2023: 1. The actuarial present value of future benefits earned by employees for services rendered in 2023 amounted to $55,800. 2. The companys funding policy requires a contribution to the pension trustee of $145,250 for 2023. 3. As at January 1, 2023, the company had a defined benefit obligation for accounting purposes of $910,000. The fair value of pension plan assets was $620,000 at the beginning of the year. The actual return on plan assets was $47,000, and the discount rate was 8%. 4. No benefits were paid in 2023. Determine the defined benefit expense that should be recognized by the company in 2023. Defined benefit expense $