Lerchman Corp sponsors a defined-benefit pension plan for its employees. The company's actuary has provided the following information for the year ended December 31, 2022:

Projected benefit obligation					730,000
Fair value of plan assets					860,000
Service cost					240,000
Interest on projected benefit obligation					24,000
Amortization of prior service cost					60,000
Expected and actual return on plan assets					82,500

The plan paid benefits of $150,000. The market-related asset value equals the fair value of plan assets. No contributions have been made for 2022 pension cost. In its income statement for the year ending December 31, 2022, Lerchman should report pension expense of

Select one:

$150,000

$264,000

$241,500

Cannot be determined from the information provided