The following information is available for Figgy Enterprises Ltd. for calendar 2017. The corporation uses IFRS.

Plan assets (at fair value), end of year................... $1,800,000 Dr

Defined benefit obligation, end of year................... 1,920,000 Cr

Pension expense....................................................... 360,000

Contributions for year................................................ 324,000

The pension expense to be reported for 2017 is :

a) $360,000.

b) $346,000.

c) $324,000.

d) $120,000.