Scallion Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1 $ 480,000 Balance, January 1 $ 255,000 Service cost 191,000 Actual return 39,000 Interest cost 32,000 Annual contribution 115,000 Benefits paid (82,000 ) Benefits paid (82,000 ) Balance, December 31 $ 621,000 Balance, December 31 $ 327,000 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?