The following information is related to the defined benefit pension plan of Dreamworld Company for the year Service cost $ 65,000 Contributions to pension plan 115,000 Benefits paid to retirees 159,000 Plan assets (fair value), January 1 646,000 Plan assets (fair value), December 31 755,000 Actual return on plan assets 153,000 PBO, January 1 910,000 PBO, December 31 907,000 Discount rate Long-term expected return on plan assets 10% 9% Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice $95,860. $156,000 $65,000. $97,860.