Problem VL. The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost Contributions to pension plan Benefits paid to retirees Plan assets (fair value), January 1 Plan assets (fair value), December 31 Actual return on plan assets PBO, January 1 PBO, December 31 Discount rate Long-term expected return on plan assets $60,000 110,000 150,000 640,000 750,000 150,000 900,000 960,000 10% 9% Assuming no other relevant data exist, what is the pension expense for the year