The following information is related to the defined benefit pension plan of Avalanche Corporation for the year: Service cost Contributions to pension plan Benefits paid to retirees Plan assets (fair value), January 1 Plan assets (fair value), December 31 Actual return on plan assets PBO, January 1 PBO, December 31 Discount rate Long-term expected return on plan assets $ 64,000 111,000 150,000 644,000 764,000 159,000 940,000 948,000 10% 9% Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice $94,040. $64,000. $100,040. $158,000