January 1, 2020, the net defined benefit liability on the financial statements of Abel Co. was $250,000. Abel follows ASPE and chooses to classify net interest cost as part of pension expense. Abels controller provided the following information for the period of January 1 to December 31, 2020: Total benefits in the amount of $10,000 were paid evenly throughout the year. The company contributed $200,000 during the year. The current service costs (CSCs) were determined to be $50,000. The actual loss on the defined benefit obligation (DBO) was $35,000. The actual gain on plan assets was $5,000. What is the pension expense for the year ended December 31, 2020?

Question 10 options:

a) $20,000

b) $70,000

c) $80,000

d) $90,000