The following information relates to ABC Co.'s defined benefit pension plan during 2020: Plan Assets - Beginning of year $540,000 Plan Assets - End of year $650,000 PBO - Beginning of year $800,000 PBO - End of year $870,000 Contributions to the plan $140,000 Expected return on plan assets 9% Actual return on plan assets $ 80,000 Service cost $ 80,000 Benefits paid to retirees $110,000 Unamortized loss on the plan $68,000 Average remaining service years of affected employees 12 years Interest rate for PBO calculations 11% 2. 3 points Calculate interest cost for the year 3. 7 points What is pension expense for the year? A. $216,600 B. $168,000 C. $119,400 D. Some other amount