Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1 $ 460,000 Balance, January 1 $ 260,000 Service cost 197,000 Actual return 37,000 Interest cost 39,000 Annual contribution 113,000 Benefits paid (85,000 ) Benefits paid (85,000 ) Balance, December 31 $ 611,000 Balance, December 31 $ 325,000 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