The following information is related to the defined benefit pension plan of Dreamworld Company 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 $ 60,000 117,000 153,000 644,000 764,000 156,000 905,000 902,500 10% 9% Assuming no other relevant data exist, what is the pension expense for the year? Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice $92,540. $150,500. $89,540. $60,000