The Lucas Company offers employees a defined contribution pension plan. In 2015, Lucas contributed $175,000 to the plan, which paid $195,000 to retired employees. Which of the following statements is true?

a. Lucas will record an accrued liability of $20,000

.b. Lucas will report pension expense of $175,000.

c. Lucas will recognize prior service cost of $20,000.

d. Lucas will recognize actuarial gains and losses on the plan over current and future periods