The following information for Cooper Enterprises is given below:

December 31, 2015

Assets and obligations

Plan assets (at fair value) $400,000

Accumulated benefit obligation 740,000

Projected benefit obligation 800,000

Other Items

Pension asset / liability, January 1, 2015 20,000

Contributions 240,000

Accumulated other comprehensive loss 335,800

There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 10 years.

68. What is the pension expense that Cooper Enterprises should report for 2015?

a. $304,200

b. $440,000

c. $240,000

d. $335,800