The following information is related to the defined benefit pension plan of Simpson 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 , January 1 PBODecember 31 Discount rate Long-term expected return on plan assets 98,600 147,600 115,000 541,000 658,000 85,000 845,000 912,5e0 , 10% 9% Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice $49,000 $133,810 Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice $49,000 $133,810. $98,000. $131,310