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 $ 70,000 115,000 157,000 643,000 757,000 156,000 910,000 914,000 10% 9% Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice $70,000. $103,130. $97,130. $161,000