The following information is related to the defined benefit pension plan of Melissa Larson Company for the year: Service cost Contributions to pension plan Benefits paid to retirees $ 95,000 149,000 111,000 Plan assets (fair value), January 1 545,000 Plan assets (fair value), December 31 668,000 Actual return on plan assets 85,000 PBO, January 1 845,000 PBO, December 31 913,500 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? Multiple Choice C $54,000. $130,450. $95.000 $128,950