Presented below is pension information related to Susan Corp. for the calendar Y$5.$ The corporation uses IFRS.

Current service cost........................................ $$204,000$

Discount $($interest$)$ rate................................... $9\%$

Defined benefit obligation, Jan $1.....................$ $$1,800,000$

Benefits paid to retirees.................................. $100,000$

Past service cost $($effective Jan $1)...................50,000$

The pension expense to be reported for Y$5$ is

$$416,000$

$$366,000$

$$420,500$

$$266,000$