The following information is related to the defined benefit pension plan of simpson company for the year: service cost $ 96,000 contributions to pension plan 147,000 benefits paid to retirees 113,000 plan assets (fair value), january 1 543,000 plan assets (fair value), december 31 667,000 actual return on plan assets 90,000 pbo, january 1 830,000 pbo, december 31 896,000 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?