Presented below is pension information related to Woods, Inc. for the year 2015:

Service cost $82,000

Interest on projected benefit obligation 54,000

Interest on vested benefits 24,000

Amortization of prior service cost due to increase in benefits 12,000

Expected return on plan assets 18,000

The amount of pension expense to be reported for 2015 is

a. $118,000.

b. $154,000.

c. $172,000.

d. $130,000.