Presented below is pension information related to Tyre Recycling Inc., for the calendar year 2019. The corporation uses ASPE.

Current service costs	$ 50,000
Contributions to the plan	55,000
Actual return on plan assets	40,000
Defined benefit obligation (beginning of year)	600,000
Fair value of plan assets (beginning of year)	400,000
Interest cost on the obligation	10%

The pension expense to be reportedfor 2019 is

Select one:

a.

$110,000.

b.

$70,000.

c.

$65,000.

d.

$50,000.

e.

None of the above.