Question 22 3 pts Scallion Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1 $ 430,000 Balance, January 1 $ 254,000 Service cost 191,000 Actual return 39,000 Interest cost 30,000 Annual contribution 111,000 Benefits paid (89,000 ) Benefits paid ( 89,000 ) Balance, December 31 $ 562,000 Balance, December 31 $ 315,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year? $278,000. $182,000. $221,000. $195,600.