The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $62,000 Contributions to pension plan 116,000 Benefits paid to retirees 158,000 Plan assets (fair value), January 1 642,000 Plan assets (fair value), December 31 754,000 Actual return on plan assets 154,000 PBQ, January 1 910,000 PBO, December 31 905,000 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? O $153,000. $94,220. O None of the options listed. O $62,000. O $95,220.