Scallion Company received the following reports of its defined benefit pension plan for the current calendar year:

PBO					Plan assets
Balance, January 1	$	490,000			Balance, January 1	$	257,000
Service cost		193,000			Actual return		38,000
Interest cost		39,000			Annual contribution		112,000
Benefits paid		(90,000	)		Benefits paid		(90,000	)
Balance, December 31	$	632,000			Balance, December 31	$	317,000

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?