Scallion Company received the following reports on its defined benefit pension plan for the current calendar year: Plan assets Balance, January $400,000 Balance, January 1 $250,000 30,000 Service cost 195.000 Actual return 32,000 Annual contribution 110,000 Interest cost Benefits paid Balance, December 31 $547.000 (80.000) Benefits paid (80.000) $310,000 Balance, December 31 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? $197,000 $227,000. $172,000 $202,000