A company's defined benefit pension plan had a PBO of $269,000 on Jan A company's defined benefit pension plan had a PBO | Page 4

Interest cost 39,000 Annual contribution 110,000 Benefits paid (88,000) Benefits paid (88,000) Balance, December $573,00 Balance, December $312,00 31 0 31 0 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year? $276,000. $193,000. $205,800. $231,000. The following information is related to the defined benefit pension plan of Dreamworld Company for the year: