Thomson Corp The Pension Expense to Be Reported for 2020 Is
A)

Thomson Corp. provides a defined benefit pension plan for its employees, and uses IFRS to account for it. The corporation's actuary has provided the following information for the year ended December 31, 2020: $\begin{array}{ll} \text{ Defined benefit obligation, Dec 31 ..........................} & 525,000 \\ \text{ Fair value of plan assets, Dec 31............................. } & 625,000 \\ \text{ Current service cost }................................................ & 240,000 \\ \text{ Interest on defined benefit obligation }...................... & 24,000 \\ \text{ Past service costs}.................................................... & 60,000 \\ \text{ Expected and actual return on plan assets }............. & 82,500 \\ \text{Contributions to plan } ............................................. & 200,000 \\ \ \end{array}$ The pension expense to be reported for 2020 is

A) $ 241,500.
B) $ 324,000.
C) $ 406,500.
D) $ 524,000.