Help Save & Exit Bissell Company received the following reports of its defined benefit pension plan for the current calendar year. PBO Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets $490,000 Balance, January 1 200,000 Actual return 32,000 Annual contribution (87,880) Benefits paid $635,000 Balance, December 31 $256,000 30,000 116,000 (87,000) $315,000 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