The following information is related to the defined benefit pension plan of Dreamworld Company for the year:

Service cost	$68,000
Contributions to pension plan	111,000
Benefits paid to retirees	160,000
Plan assets (fair value), January 1	641,000
Plan assets (fair value), December 31	759,000
Actual return on plan assets	158,000
PBO, January 1	940,000
PBO, December 31	942,000
Discount rate	10%
Long-term expected return on plan assets	9%

Assuming no other relevant data exist, what is the pension expense for the year?

	$99,310.
	$68,000.
	$162,000.
	$104,310.